Twilio Sees Unusually High Options Volume (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO) saw some unusual options trading on Monday. Stock investors purchased 22,523 call options on the company. This is an increase of 124% compared to the typical volume of 10,057 call options.

Twilio Price Performance

TWLO stock opened at $87.50 on Tuesday. The stock has a 50-day moving average price of $66.33 and a two-hundred day moving average price of $61.35. Twilio has a 1 year low of $52.45 and a 1 year high of $88.96. The stock has a market cap of $14.05 billion, a PE ratio of -34.05, a price-to-earnings-growth ratio of 4.59 and a beta of 1.32. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on Twilio from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday. Robert W. Baird boosted their target price on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Northland Securities raised their price target on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and a consensus price target of $79.55.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the sale, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,418 shares of company stock valued at $3,749,556. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of hedge funds and other institutional investors have recently bought and sold shares of TWLO. Versor Investments LP grew its stake in shares of Twilio by 12.0% during the 3rd quarter. Versor Investments LP now owns 14,109 shares of the technology company’s stock worth $920,000 after acquiring an additional 1,509 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Twilio during the third quarter worth $2,168,000. Covestor Ltd grew its position in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Twilio in the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.