Investors Purchase Large Volume of Twilio Call Options (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO) saw some unusual options trading activity on Monday. Investors purchased 23,313 call options on the company. This is an increase of approximately 70% compared to the typical volume of 13,727 call options.

Twilio Price Performance

TWLO traded up $3.84 during trading on Monday, reaching $140.07. The company’s stock had a trading volume of 3,943,861 shares, compared to its average volume of 3,295,624. Twilio has a 1 year low of $52.51 and a 1 year high of $142.31. The company has a market cap of $21.48 billion, a price-to-earnings ratio of -54.63, a PEG ratio of 2.22 and a beta of 1.38. The firm has a fifty day simple moving average of $109.20 and a two-hundred day simple moving average of $81.58. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $77.00 to $185.00 in a research report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a report on Friday. Jefferies Financial Group increased their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Barclays increased their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, TD Cowen increased their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and an average price target of $116.17.

Insider Activity

In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in Twilio by 5.2% during the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after purchasing an additional 929 shares during the last quarter. Xponance Inc. raised its holdings in shares of Twilio by 3.3% during the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock valued at $991,000 after acquiring an additional 561 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Twilio by 62.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock valued at $1,883,000 after purchasing an additional 12,761 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Twilio by 2.3% during the second quarter. APG Asset Management N.V. now owns 173,842 shares of the technology company’s stock worth $9,215,000 after buying an additional 3,986 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new position in shares of Twilio during the 2nd quarter worth approximately $716,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.