Twilio (NYSE:TWLO) Stock Price Down 5.1% - Time to Sell?

Twilio Inc. (NYSE:TWLO - Get Free Report) shares dropped 5.1% during trading on Thursday . The company traded as low as $115.50 and last traded at $115.26. Approximately 436,453 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 2,625,446 shares. The stock had previously closed at $121.49.

Analyst Ratings Changes

TWLO has been the topic of a number of recent analyst reports. Tigress Financial reiterated a "buy" rating and issued a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Mizuho dropped their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley dropped their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. KeyCorp initiated coverage on Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective on the stock. Finally, Scotiabank increased their price objective on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Twilio Stock Down 3.5%

The business has a 50-day simple moving average of $116.40 and a two-hundred day simple moving average of $112.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of -539.05, a PEG ratio of 3.52 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.80 EPS. As a group, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Transactions at Twilio

In other news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,888 shares of company stock valued at $6,753,409. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jericho Capital Asset Management L.P. increased its stake in Twilio by 17.7% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company's stock valued at $321,180,000 after purchasing an additional 493,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Twilio by 36.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company's stock valued at $202,852,000 after purchasing an additional 553,043 shares in the last quarter. Norges Bank purchased a new position in Twilio in the 4th quarter valued at approximately $222,146,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Twilio by 19.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,920,443 shares of the technology company's stock valued at $188,031,000 after purchasing an additional 318,015 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.