Traders Buy High Volume of Call Options on Twilio (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO - Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 26,393 call options on the company. This is an increase of approximately 22% compared to the average volume of 21,652 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Twilio from $82.00 to $74.00 and set a "buy" rating for the company in a report on Wednesday, March 6th. The Goldman Sachs Group upped their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, March 6th. TD Cowen dropped their price objective on shares of Twilio from $72.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 6th. JMP Securities reissued a "market outperform" rating and issued a $110.00 price objective on shares of Twilio in a report on Thursday, February 15th. Finally, Piper Sandler raised shares of Twilio from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $68.90.

Twilio Stock Up 2.1 %

Shares of NYSE:TWLO traded up $1.30 during trading on Monday, hitting $62.45. 3,856,397 shares of the company were exchanged, compared to its average volume of 3,552,222. The stock has a market capitalization of $11.31 billion, a P/E ratio of -11.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio has a 12-month low of $45.02 and a 12-month high of $78.16. The firm's 50 day moving average price is $64.14 and its 200-day moving average price is $63.87.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, research analysts predict that Twilio will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Twilio

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. In other Twilio news, insider Khozema Shipchandler sold 10,520 shares of the company's stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.18, for a total transaction of $759,333.60. Following the completion of the transaction, the insider now directly owns 207,599 shares in the company, valued at $14,984,495.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,581 shares of the company's stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total transaction of $475,148.20. Following the sale, the chief financial officer now directly owns 171,820 shares of the company's stock, valued at approximately $12,405,404. The disclosure for this sale can be found here. Insiders have sold a total of 25,898 shares of company stock valued at $1,796,874 in the last 90 days. Insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Twilio by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,935 shares of the technology company's stock valued at $1,209,000 after acquiring an additional 823 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Twilio during the 4th quarter valued at about $4,815,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Twilio during the 4th quarter valued at about $1,689,000. Vanguard Group Inc. increased its stake in shares of Twilio by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company's stock valued at $1,351,212,000 after acquiring an additional 241,738 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new position in shares of Twilio during the 4th quarter valued at about $478,000. 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.

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