Twilio (NYSE:TWLO - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.
- Twilio: 4 compelling reasons to buy the dip
TWLO has been the subject of several other research reports. Royal Bank of Canada reissued an "underperform" rating and issued a $50.00 price target on shares of Twilio in a report on Thursday, February 15th. Wells Fargo & Company increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, December 5th. Northland Securities downgraded shares of Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 price objective on the stock. in a report on Thursday, February 15th. The Goldman Sachs Group increased their price objective on shares of Twilio from $63.00 to $72.00 and gave the company a "neutral" rating in a report on Tuesday, January 9th. Finally, Robert W. Baird increased their price objective on shares of Twilio from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $68.89.
Get Our Latest Stock Report on TWLO
Twilio Stock Down 5.9 %
- Twilio stock can't do anything wrong; more gains imminent
Twilio stock opened at $56.67 on Wednesday. Twilio has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The company has a market cap of $10.26 billion, a PE ratio of -10.23 and a beta of 1.35. The business's 50-day simple moving average is $68.29 and its two-hundred day simple moving average is $64.12.
Insider Activity at Twilio
In related news, CFO Aidan Viggiano sold 6,581 shares of Twilio stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the transaction, the chief financial officer now owns 171,820 shares in the company, valued at $12,405,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, major shareholder Twilio Inc sold 5,000,000 shares of the business's stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now owns 5,000,000 shares in the company, valued at approximately $2,850,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,581 shares of the business's stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total transaction of $475,148.20. Following the transaction, the chief financial officer now owns 171,820 shares of the company's stock, valued at approximately $12,405,404. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,025,898 shares of company stock worth $4,646,874. Corporate insiders own 4.20% of the company's stock.
Institutional Inflows and Outflows
- Is Twilio On The Verge Of A Comeback?
Several large investors have recently modified their holdings of the stock. Greenwood Capital Associates LLC acquired a new position in shares of Twilio in the 4th quarter valued at $478,000. Wellington Management Group LLP boosted its stake in Twilio by 63.8% during the 4th quarter. Wellington Management Group LLP now owns 11,270 shares of the technology company's stock worth $855,000 after purchasing an additional 4,390 shares during the period. Syon Capital LLC acquired a new stake in Twilio during the 4th quarter worth $372,000. Garde Capital Inc. acquired a new stake in Twilio during the 4th quarter worth $105,000. Finally, V Square Quantitative Management LLC boosted its stake in Twilio by 68.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company's stock worth $148,000 after purchasing an additional 792 shares during the period. Institutional investors and hedge funds own 80.87% of the company's stock.
Twilio Company Profile
(Get Free Report)
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.
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