Twilio (NYSE:TWLO) Now Covered by Analysts at Tigress Financial

Tigress Financial began coverage on shares of Twilio (NYSE:TWLO) in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $75.00 price target on the technology company’s stock.

A number of other equities research analysts have also recently commented on TWLO. Stifel Nicolaus lowered their price target on shares of Twilio from $70.00 to $60.00 and set a hold rating on the stock in a report on Wednesday, March 6th. Robert W. Baird dropped their price target on Twilio from $70.00 to $65.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada reissued an underperform rating and issued a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. TD Cowen dropped their price objective on shares of Twilio from $72.00 to $65.00 and set a market perform rating on the stock in a report on Wednesday, March 6th. Finally, StockNews.com downgraded shares of Twilio from a buy rating to a hold rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $69.48.

Twilio Price Performance

Shares of Twilio stock opened at $56.81 on Friday. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $58.49 and its 200 day simple moving average is $63.72. Twilio has a 12 month low of $49.86 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Research analysts expect that Twilio will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.14, for a total value of $256,638.20. Following the sale, the insider now directly owns 167,614 shares of the company’s stock, valued at approximately $10,415,533.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,349 shares of company stock valued at $3,120,046. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Principal Securities Inc. bought a new position in shares of Twilio during the 4th quarter valued at $25,000. Activest Wealth Management increased its holdings in shares of Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after buying an additional 400 shares during the period. Westend Capital Management LLC bought a new stake in shares of Twilio in the 1st quarter valued at about $35,000. Blue Trust Inc. boosted its holdings in Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares during the period. Finally, Friedenthal Financial bought a new position in Twilio during the 4th quarter worth approximately $46,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

About Twilio

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.