Twilio (TWLO) Sees Unusually-High Trading Volume on Analyst Upgrade

Twilio Inc (NYSE:TWLO) saw strong trading volume on Thursday after Argus raised their price target on the stock from $90.00 to $110.00. Argus currently has a buy rating on the stock. 351,481 shares changed hands during trading, a decline of 93% from the previous session’s volume of 4,764,492 shares.The stock last traded at $93.39 and had previously closed at $96.19.

Several other research analysts have also recently weighed in on TWLO. Zacks Investment Research upgraded shares of Twilio from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. Mitsubishi UFJ Financial Group boosted their price target on shares of Twilio to $87.00 and gave the stock an “overweight” rating in a report on Wednesday. Canaccord Genuity boosted their price target on shares of Twilio from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Jaffray Companies restated an “overweight” rating and set a $95.00 price target on shares of Twilio in a report on Wednesday. Finally, Monness Crespi & Hardt boosted their price target on shares of Twilio from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Twilio has an average rating of “Buy” and an average price target of $81.22.

In other Twilio news, General Counsel Karyn Smith sold 939 shares of Twilio stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $74.55, for a total value of $70,002.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeff Lawson sold 20,830 shares of Twilio stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $71.67, for a total transaction of $1,492,886.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,477 shares of company stock worth $14,711,857. Insiders own 19.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Peloton Wealth Strategists raised its position in shares of Twilio by 4.7% in the second quarter. Peloton Wealth Strategists now owns 28,690 shares of the technology company’s stock valued at $1,607,000 after purchasing an additional 1,290 shares during the period. SG Americas Securities LLC raised its position in shares of Twilio by 100.4% in the second quarter. SG Americas Securities LLC now owns 8,025 shares of the technology company’s stock valued at $450,000 after purchasing an additional 4,020 shares during the period. Whale Rock Capital Management LLC bought a new stake in shares of Twilio in the second quarter valued at approximately $64,266,000. Morgan Stanley raised its position in shares of Twilio by 5.3% in the second quarter. Morgan Stanley now owns 947,604 shares of the technology company’s stock valued at $53,083,000 after purchasing an additional 47,775 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Twilio in the second quarter valued at approximately $308,000. 57.29% of the stock is currently owned by institutional investors.

The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 0.98. The stock has a market cap of $6.92 billion, a PE ratio of -118.24 and a beta of 1.00.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.04. Twilio had a negative net margin of 16.70% and a negative return on equity of 19.56%. The company had revenue of $168.90 million for the quarter, compared to analyst estimates of $151.62 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was up 68.0% compared to the same quarter last year. On average, equities analysts anticipate that Twilio Inc will post -0.77 earnings per share for the current fiscal year.

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Twilio Company Profile (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.

Further Reading: Technical Analysis

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