Twilio (NYSE:TWLO) Shares Gap Up – Time to Buy?

Twilio Inc. (NYSE:TWLO) gapped up prior to trading on Monday . The stock had previously closed at $114.31, but opened at $119.28. Twilio shares last traded at $115.49, with a volume of 906,775 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho upped their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Stifel Nicolaus upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. Piper Sandler restated an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, TD Cowen upped their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.74.

Twilio Price Performance

The company’s fifty day moving average price is $122.09 and its 200 day moving average price is $92.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of -185.15, a price-to-earnings-growth ratio of 4.30 and a beta of 1.42.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,406 shares of company stock worth $2,656,889. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TWLO. FMR LLC lifted its stake in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Twilio during the fourth quarter valued at approximately $301,258,000. Finally, Geode Capital Management LLC lifted its stake in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the last quarter. 84.27% of the stock is currently owned by 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.