Twilio Sees Unusually High Options Volume (NYSE:TWLO)

Posted by Defense World Staff on Jul 21st, 2023

Twilio Inc. (NYSE:TWLO – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors acquired 35,260 call options on the company. This represents an increase of approximately 32% compared to the typical volume of 26,739 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Twilio from $80.00 to $56.00 in a research note on Friday, May 12th. Stifel Nicolaus lowered their price target on shares of Twilio from $75.00 to $50.00 in a report on Wednesday, May 10th. Piper Sandler lowered shares of Twilio from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $56.00 to $71.00 in a report on Monday. StockNews.com upgraded Twilio from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Sanford C. Bernstein decreased their price target on Twilio from $77.00 to $58.00 in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.32.

Twilio Stock Performance

Shares of TWLO stock opened at $62.84 on Friday. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of -8.40 and a beta of 1.38. Twilio has a one year low of $41.00 and a one year high of $98.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.16 and a current ratio of 6.16. The company has a 50 day moving average price of $62.62 and a 200 day moving average price of $60.81.

Twilio (NYSE:TWLO – Get Free Report) last announced its earnings results on Tuesday, May 9th. The technology company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.21. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $999.82 million. Twilio had a negative return on equity of 6.91% and a negative net margin of 34.79%. Sell-side analysts anticipate that Twilio will post -1.52 EPS for the current year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,172 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $45.44, for a total value of $53,255.68. Following the completion of the sale, the chief financial officer now directly owns 212,897 shares in the company, valued at approximately $9,674,039.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Aidan Viggiano sold 1,172 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $45.44, for a total value of $53,255.68. Following the completion of the transaction, the chief financial officer now directly owns 212,897 shares of the company’s stock, valued at $9,674,039.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elena A. Donio sold 6,485 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $67.07, for a total value of $434,948.95. Following the sale, the insider now directly owns 425,177 shares of the company’s stock, valued at $28,516,621.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,024 shares of company stock worth $2,132,369. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors have recently made changes to their positions in TWLO. James Investment Research Inc. purchased a new stake in Twilio in the 4th quarter worth approximately $26,000. Ameritas Advisory Services LLC bought a new position in Twilio in the 1st quarter valued at $32,000. Covestor Ltd lifted its holdings in Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after buying an additional 172 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Twilio during the fourth quarter worth approximately $36,000. Finally, Tradition Wealth Management LLC raised its holdings in Twilio by 58.9% in the first quarter. Tradition Wealth Management LLC now owns 596 shares of the technology company’s stock worth $40,000 after purchasing an additional 221 shares during the period. 77.29% of the stock is owned by institutional investors and hedge funds.

About Twilio

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Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.