Twilio Target of Unusually High Options Trading (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO) was the recipient of some unusual options trading on Monday. Stock investors bought 12,735 call options on the stock. This is an increase of 49% compared to the average daily volume of 8,535 call options.

Twilio Price Performance

Shares of TWLO traded down $0.12 during mid-day trading on Monday, reaching $64.54. The company had a trading volume of 621,075 shares, compared to its average volume of 2,695,169. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of -16.12, a P/E/G ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The company’s 50 day simple moving average is $60.41 and its 200 day simple moving average is $59.48. Twilio has a 1-year low of $49.86 and a 1-year high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) earnings per share. Analysts expect that Twilio will post 0.54 EPS for the current year.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 6,586 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $370,528.36. Following the transaction, the chief financial officer now directly owns 188,462 shares in the company, valued at $10,602,872.12. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Aidan Viggiano sold 6,586 shares of Twilio stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $370,528.36. Following the completion of the transaction, the chief financial officer now owns 188,462 shares in the company, valued at $10,602,872.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,877 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the sale, the chief executive officer now owns 289,207 shares in the company, valued at approximately $16,270,785.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,755 shares of company stock valued at $1,423,386. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently bought and sold shares of the company. SouthState Corp increased its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio during the 2nd quarter worth about $29,000. Westend Capital Management LLC bought a new stake in shares of Twilio in the 1st quarter valued at about $35,000. GAMMA Investing LLC increased its stake in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the period. Finally, Lynx Investment Advisory bought a new position in shares of Twilio during the second quarter worth about $45,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWLO. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Wells Fargo & Company boosted their price target on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus target price of $70.52.

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.