Twilio Sees Unusually High Options Volume (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders purchased 10,610 call options on the stock. This is an increase of approximately 29% compared to the average volume of 8,244 call options.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and increased their price objective for the company from $77.00 to $99.00 in a report on Monday, May 5th. Tigress Financial reaffirmed a "buy" rating and set a $170.00 price objective on shares of Twilio in a research report on Thursday, May 8th. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. KeyCorp started coverage on shares of Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $127.22.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the sale, the chief executive officer owned 260,581 shares in the company, valued at $32,450,151.93. This represents a 7.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the transaction, the director owned 33,488 shares in the company, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,888 shares of company stock valued at $6,753,409. Corporate insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TWLO. One Wealth Advisors LLC lifted its holdings in Twilio by 26.1% during the 2nd quarter. One Wealth Advisors LLC now owns 3,892 shares of the technology company's stock worth $484,000 after buying an additional 805 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Twilio by 385.3% during the 2nd quarter. Raleigh Capital Management Inc. now owns 990 shares of the technology company's stock worth $123,000 after purchasing an additional 786 shares during the period. GC Wealth Management RIA LLC acquired a new stake in Twilio in the 2nd quarter valued at approximately $421,000. GraniteShares Advisors LLC acquired a new stake in Twilio in the 2nd quarter valued at approximately $519,000. Finally, LVW Advisors LLC increased its position in Twilio by 42.8% in the 2nd quarter. LVW Advisors LLC now owns 3,538 shares of the technology company's stock valued at $440,000 after acquiring an additional 1,060 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Trading Up 3.5%

Shares of NYSE:TWLO traded up $4.25 during midday trading on Thursday, reaching $126.41. The company's stock had a trading volume of 2,583,994 shares, compared to its average volume of 2,675,790. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of -601.95, a price-to-earnings-growth ratio of 3.80 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio has a 1 year low of $56.16 and a 1 year high of $151.95. The business has a 50 day moving average price of $118.01 and a 200 day moving average price of $112.53.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.80 EPS. The company's revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Twilio will post 1.44 EPS for the current year.

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.