Twilio Inc. (NYSE:TWLO) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 20,650,060 shares, a growth of 24.5% from the June 15th total of 16,591,861 shares. Based on an average trading volume of 3,049,730 shares, the days-to-cover ratio is presently 6.8 days. Currently, 35.4% of the shares of the stock are short sold.
Several research firms have commented on TWLO. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $38.00 price target on shares of Twilio in a research note on Tuesday, May 2nd. Drexel Hamilton restated a “buy” rating and issued a $50.00 target price on shares of Twilio in a report on Tuesday, May 2nd. Summit Redstone cut their target price on shares of Twilio from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. William Blair restated an “outperform” rating on shares of Twilio in a report on Wednesday, May 3rd. Finally, Vetr cut shares of Twilio from a “buy” rating to a “hold” rating and set a $34.70 target price on the stock. in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $37.25.
Twilio (NYSE:TWLO) traded down 1.61% during mid-day trading on Thursday, reaching $30.56. 904,696 shares of the company traded hands. Twilio has a 12-month low of $22.80 and a 12-month high of $70.96. The firm’s market capitalization is $2.81 billion. The company’s 50 day moving average price is $30.11 and its 200 day moving average price is $29.18.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.20). Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The business had revenue of $95.90 million for the quarter, compared to the consensus estimate of $86.28 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The business’s revenue was up 48.7% compared to the same quarter last year. Equities research analysts predict that Twilio will post ($0.23) EPS for the current year.
In other Twilio news, CFO Lee Kirkpatrick sold 10,851 shares of Twilio stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $25.73, for a total transaction of $279,196.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Karyn Smith sold 5,381 shares of Twilio stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total transaction of $168,963.40. The disclosure for this sale can be found here. Insiders have sold 40,657 shares of company stock worth $1,168,362 over the last three months.
Several institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in Twilio by 19.8% in the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock worth $269,541,000 after buying an additional 1,528,512 shares during the last quarter. Coatue Management LLC increased its position in Twilio by 329.4% in the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock worth $54,079,000 after buying an additional 1,425,085 shares during the last quarter. Foxhaven Asset Management LP increased its position in Twilio by 1,068.4% in the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after buying an additional 1,279,896 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Twilio by 487.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,066,806 shares of the technology company’s stock worth $31,054,000 after buying an additional 885,206 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Twilio by 26.8% in the second quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock worth $112,213,000 after buying an additional 815,890 shares during the last quarter. 77.32% of the stock is currently owned by institutional investors and hedge funds.
About Twilio
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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