Twilio Inc. (NYSE:TWLO) Short Interest Update

Twilio Inc. (NYSE:TWLO) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,040,000 shares, a drop of 38.8% from the December 31st total of 4,970,000 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 2,610,000 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TWLO. Scotiabank raised their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $77.00 to $185.00 in a report on Monday. Mizuho upped their target price on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Tigress Financial lifted their price target on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays increased their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently modified their holdings of the stock. True Wealth Design LLC raised its holdings in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group acquired a new position in Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the last quarter. Huntington National Bank raised its position in shares of Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the period. Finally, Planning Capital Management Corp bought a new stake in shares of Twilio in the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 0.4 %

Shares of TWLO stock traded down $0.65 during mid-day trading on Wednesday, reaching $146.32. 4,526,417 shares of the company were exchanged, compared to its average volume of 3,759,321. The company has a market capitalization of $22.44 billion, a P/E ratio of -56.93, a P/E/G ratio of 2.22 and a beta of 1.38. The business’s 50 day simple moving average is $111.06 and its 200 day simple moving average is $82.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $148.37.

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.