Twilio (TWLO) Set to Announce Quarterly Earnings on Wednesday

Twilio (NYSE:TWLOGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Twilio Stock Performance

Shares of NYSE TWLO opened at $71.18 on Tuesday. The stock’s 50-day moving average is $72.65 and its 200 day moving average is $64.28. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of -14.92 and a beta of 1.41. Twilio has a 1-year low of $45.02 and a 1-year high of $79.70. The company has a current ratio of 6.53, a quick ratio of 6.53 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TWLO shares. Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Barclays raised their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Needham & Company LLC upped their price objective on shares of Twilio from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Wells Fargo & Company raised their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.00.

Check Out Our Latest Research Report on TWLO

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,581 shares of Twilio stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total transaction of $475,148.20. Following the completion of the sale, the chief financial officer now owns 171,820 shares of the company’s stock, valued at approximately $12,405,404. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Aidan Viggiano sold 6,581 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the transaction, the chief financial officer now directly owns 171,820 shares in the company, valued at approximately $12,405,404. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Twilio Inc sold 5,000,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the transaction, the insider now owns 5,000,000 shares of the company’s stock, valued at approximately $2,850,000. The disclosure for this sale can be found here. Insiders sold 5,020,880 shares of company stock valued at $4,342,944 in the last three months. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Twilio by 25.6% in the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock valued at $2,162,627,000 after buying an additional 2,678,049 shares during the last quarter. BlackRock Inc. raised its holdings in Twilio by 2.3% during the first quarter. BlackRock Inc. now owns 11,519,294 shares of the technology company’s stock worth $767,531,000 after purchasing an additional 256,578 shares in the last quarter. State Street Corp lifted its position in Twilio by 0.8% in the second quarter. State Street Corp now owns 3,622,323 shares of the technology company’s stock valued at $230,452,000 after purchasing an additional 28,487 shares during the period. Geode Capital Management LLC boosted its holdings in Twilio by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 2,336,653 shares of the technology company’s stock valued at $155,458,000 after purchasing an additional 78,308 shares in the last quarter. Finally, Norges Bank acquired a new position in Twilio during the 4th quarter worth approximately $84,442,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

About Twilio

(Get Free Report)

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.

Further Reading

Earnings History for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.