Short Interest in Twilio Inc. (NYSE:TWLO) Declines By 38.8%

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

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock worth $2,844,655 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management acquired a new position in Twilio during the fourth quarter worth $344,000. KBC Group NV lifted its holdings in Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Zacks Investment Management bought a new stake in Twilio during the third quarter worth about $3,386,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares in the last quarter. Finally, Affinity Investment Advisors LLC acquired a new position in shares of Twilio in the 3rd quarter worth approximately $434,000. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of several recent research reports. Mizuho lifted their price objective on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Tigress Financial upped 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. Piper Sandler reissued an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Finally, Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.25.

Twilio Stock Performance

TWLO stock traded down $0.65 on Wednesday, reaching $146.32. 4,526,417 shares of the company were exchanged, compared to its average volume of 3,759,321. The stock’s fifty day moving average price is $111.06 and its 200 day moving average price is $82.78. Twilio has a 12 month low of $52.51 and a 12 month high of $148.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $22.44 billion, a PE ratio of -56.93, a PEG ratio of 2.22 and a beta of 1.38.

Twilio Company Profile

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.