Twilio (NYSE:TWLO) Stock Price Down 5.1% - Should You Sell?

Twilio Inc. (NYSE:TWLO - Get Free Report)'s share price was down 5.1% during mid-day trading on Wednesday . The company traded as low as $119.47 and last traded at $119.78. Approximately 1,328,642 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 2,658,873 shares. The stock had previously closed at $126.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Tigress Financial reissued a "buy" rating and set a $170.00 target price on shares of Twilio in a research report on Thursday, May 8th. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Scotiabank raised their price objective on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Wall Street Zen lowered Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average price target of $127.22.

Twilio Trading Down 3.2%

The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm has a market cap of $18.65 billion, a PE ratio of -581.80, a price-to-earnings-growth ratio of 3.92 and a beta of 1.30. The company has a 50-day simple moving average of $117.58 and a 200 day simple moving average of $112.40.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating 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 negative net margin of 0.74% and a positive return on equity of 2.25%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Erika Rottenberg sold 4,100 shares of the company's 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 $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 available through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,888 shares of company stock worth $6,753,409. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently modified their holdings of the stock. LRI Investments LLC purchased a new stake in Twilio during the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Twilio during the first quarter worth approximately $28,000. TCTC Holdings LLC raised its stake in Twilio by 118.1% in the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after purchasing an additional 183 shares during the last quarter. Cloud Capital Management LLC purchased a new position in Twilio in the 1st quarter valued at $34,000. Finally, UMB Bank n.a. acquired a new stake in Twilio during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Company Profile

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.