Twilio (NYSE:TWLO) Given New $63.00 Price Target at Macquarie

Twilio (NYSE:TWLO) had its target price trimmed by Macquarie from $69.00 to $63.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other analysts have also recently commented on the company. Stifel Nicolaus reduced their price target on Twilio from $70.00 to $60.00 and set a hold rating for the company in a report on Wednesday, March 6th. Robert W. Baird reduced their target price on Twilio from $70.00 to $65.00 and set a neutral rating for the company in a report on Wednesday. StockNews.com cut shares of Twilio from a buy rating to a hold rating in a research note on Wednesday, March 6th. Sanford C. Bernstein cut their price target on shares of Twilio from $70.00 to $68.00 and set a market perform rating for the company in a report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on shares of Twilio from $65.00 to $60.00 and set a hold rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $68.59.

Twilio Stock Performance

Shares of TWLO stock traded up $0.85 during midday trading on Wednesday, hitting $59.47. The company had a trading volume of 3,823,024 shares, compared to its average volume of 3,234,963. Twilio has a 52-week low of $45.02 and a 52-week high of $78.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The company’s 50 day simple moving average is $60.69 and its 200 day simple moving average is $64.30. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of -14.83 and a beta of 1.33.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Research analysts anticipate that Twilio will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 458 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now owns 171,744 shares in the company, valued at $9,567,858.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,958 shares of company stock valued at $1,910,447. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TWLO. Robeco Institutional Asset Management B.V. increased its position in Twilio by 14.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after purchasing an additional 167 shares during the last quarter. Blue Zone Wealth Advisors LLC raised its position in shares of Twilio by 4.0% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after buying an additional 181 shares during the period. Brighton Jones LLC boosted its holdings in Twilio by 1.8% in the fourth quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after acquiring an additional 185 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Twilio by 29.0% in the first quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock valued at $51,000 after acquiring an additional 189 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. grew its position in Twilio by 15.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after acquiring an additional 192 shares during the period. 84.27% of the stock is currently 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.