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

Twilio Inc. (NYSE:TWLO - Get Free Report) was the target of unusually large options trading on Monday. Traders acquired 22,523 call options on the company. This is an increase of approximately 124% compared to the typical daily volume of 10,057 call options.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the sale, the chief financial officer now directly owns 177,869 shares in the company, valued at $11,566,821.07. This trade represents 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, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,418 shares of company stock valued at $3,749,556. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in Twilio in the 3rd quarter worth approximately $2,168,000. Covestor Ltd grew its stake in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company's stock worth $67,000 after purchasing an additional 148 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Twilio during the third quarter valued at $66,000. United Advisor Group LLC bought a new stake in shares of Twilio during the third quarter valued at about $998,000. Finally, Clarity Capital Partners LLC bought a new stake in shares of Twilio during the third quarter valued at about $225,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday. TD Cowen upped their price objective on Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday. Jefferies Financial Group upped their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday. Tigress Financial boosted their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Finally, Northland Securities lifted their price target on shares of Twilio from $66.00 to $86.00 and gave the company a "market perform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $79.55.

Twilio Stock Up 3.1 %

Shares of NYSE:TWLO traded up $2.66 during trading on Monday, hitting $87.50. The company's stock had a trading volume of 4,354,532 shares, compared to its average volume of 2,661,639. Twilio has a fifty-two week low of $52.45 and a fifty-two week high of $88.96. The stock's 50-day moving average price is $66.33 and its two-hundred day moving average price is $61.35. 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 has a market capitalization of $14.05 billion, a PE ratio of -34.05, a PEG ratio of 4.59 and a beta of 1.32.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.23) EPS. The company's revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Twilio will post 0.54 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.