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

Twilio Inc. (NYSE:TWLO) saw unusually large options trading activity on Monday. Stock investors acquired 23,313 call options on the stock. This is an increase of approximately 70% compared to the average volume of 13,727 call options.

Twilio Trading Up 5.6 %

NYSE:TWLO opened at $146.77 on Wednesday. The firm’s 50 day moving average is $110.06 and its 200 day moving average is $82.15. Twilio has a 12 month low of $52.51 and a 12 month high of $148.37. The stock has a market capitalization of $22.51 billion, a PE ratio of -57.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock valued at $2,844,655 over the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC lifted its position in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Twilio during the 3rd quarter worth about $46,000. Venturi Wealth Management LLC grew its holdings in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after buying an additional 532 shares in the last quarter. Finally, Planning Capital Management Corp purchased a new position in Twilio during the third quarter valued at approximately $53,000. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TWLO. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. TD Cowen increased their target price on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Finally, Scotiabank lifted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

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.