Twilio (NYSE:TWLO) Shares Gap Down to $124.52

Twilio Inc (NYSE:TWLO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $123.04, but opened at $124.52. Twilio shares last traded at $125.67, with a volume of 3,687,326 shares traded.

TWLO has been the topic of a number of recent analyst reports. Piper Jaffray Companies increased their price target on shares of Twilio from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. TheStreet raised shares of Twilio from a “d” rating to a “c” rating in a report on Monday, June 24th. Needham & Company LLC initiated coverage on shares of Twilio in a report on Tuesday, June 18th. They issued a “buy” rating and a $165.00 price target on the stock. JMP Securities increased their price target on shares of Twilio from $123.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $141.74.

The company has a debt-to-equity ratio of 0.18, a current ratio of 5.83 and a quick ratio of 5.83. The firm has a 50-day moving average of $141.27. The company has a market cap of $16.88 billion, a P/E ratio of -156.96 and a beta of 1.17.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.18). Twilio had a negative return on equity of 10.95% and a negative net margin of 23.07%. The company had revenue of $275.00 million during the quarter, compared to the consensus estimate of $264.43 million. During the same quarter last year, the company posted $0.03 earnings per share. The firm’s revenue for the quarter was up 86.1% on a year-over-year basis. Analysts expect that Twilio Inc will post -1.5 EPS for the current fiscal year.

In other Twilio news, COO George Hu sold 7,743 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $128.22, for a total transaction of $992,807.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Karyn Smith sold 21,719 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $148.17, for a total transaction of $3,218,104.23. The disclosure for this sale can be found here. Insiders have sold 154,984 shares of company stock worth $22,011,433 over the last quarter. Company insiders own 10.85% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Centaurus Financial Inc. grew its position in Twilio by 46.1% during the first quarter. Centaurus Financial Inc. now owns 3,209 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,012 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Twilio during the first quarter valued at approximately $26,000. Truewealth LLC purchased a new stake in shares of Twilio during the second quarter valued at approximately $27,000. Cerebellum GP LLC purchased a new stake in shares of Twilio during the second quarter valued at approximately $33,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Twilio by 200.0% during the first quarter. Lindbrook Capital LLC now owns 300 shares of the technology company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 73.62% of the company’s stock.

About Twilio (NYSE:TWLO)

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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