Twilio Inc., together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications. The company was incorporated in 2008 and is headquartered in San Francisco, California.
Twilio Price Performance
NYSE:TWLO traded down $13.27 during mid-day trading on Friday, hitting $84.92. 17,350,174 shares of the company traded hands, compared to its average volume of 3,352,158. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.10 and a current ratio of 8.10. The stock's fifty day moving average price is $90.94 and its 200-day moving average price is $128.77. Twilio has a one year low of $77.14 and a one year high of $382.75.
Twilio (NYSE:TWLO - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.09. The firm had revenue of $943.35 million during the quarter, compared to analyst estimates of $920.97 million. Twilio had a negative return on equity of 7.02% and a negative net margin of 31.16%. The business's quarterly revenue was up 41.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.94) earnings per share. Analysts predict that Twilio will post -3.46 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. JMP Securities cut their price target on Twilio from $510.00 to $250.00 in a research note on Thursday, May 5th. Cowen cut their price target on Twilio from $150.00 to $125.00 in a research note on Friday. Mizuho cut their price target on Twilio from $200.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday. Canaccord Genuity Group cut their price target on Twilio from $245.00 to $153.00 and set a "buy" rating on the stock in a research note on Friday. Finally, BTIG Research cut their price target on Twilio from $270.00 to $230.00 in a research note on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $177.96.
Insider Transactions at Twilio
In other news, insider Dana Wagner sold 2,387 shares of the company's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $105.91, for a total value of $252,807.17. Following the completion of the transaction, the insider now owns 79,665 shares of the company's stock, valued at $8,437,320.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Khozema Shipchandler sold 3,600 shares of the business's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $105.78, for a total value of $380,808.00. Following the sale, the chief operating officer now directly owns 96,549 shares in the company, valued at $10,212,953.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 2,387 shares of the business's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $105.91, for a total value of $252,807.17. Following the completion of the sale, the insider now owns 79,665 shares in the company, valued at $8,437,320.15. The disclosure for this sale can be found here. Insiders sold a total of 14,242 shares of company stock valued at $1,374,510 over the last 90 days. Company insiders own 4.96% of the company's stock.