Traders Buy High Volume of Twilio Call Options (TWLO)
Twilio Inc. (NYSE:TWLO) was the target of some unusual options trading on Monday. Stock investors purchased 1,602 call options on the company. This represents an increase of 182% compared to the average volume of 569 call options.
In other news, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $24.59, for a total transaction of $128,187.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Mcgeever bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $23.19 per share, for a total transaction of $231,900.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 20,612 shares of company stock worth $604,076.
A hedge fund recently raised its stake in Twilio stock. Perigon Wealth Management LLC boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,325 shares of the technology company’s stock after buying an additional 693 shares during the period. Perigon Wealth Management LLC’s holdings in Twilio were worth $442,000 as of its most recent SEC filing. 72.44% of the stock is currently owned by institutional investors.
Shares of Twilio (TWLO) traded up 4.049% on Monday, reaching $27.958. The company had a trading volume of 1,856,570 shares. The stock’s market capitalization is $2.53 billion. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96. The company’s 50 day moving average price is $25.59 and its 200-day moving average price is $29.12.
Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.14). The company had revenue of $87.37 million for the quarter, compared to analyst estimates of $83.57 million. Twilio had a negative return on equity of 14.26% and a negative net margin of 16.07%. Equities analysts predict that Twilio will post ($0.29) EPS for the current year.
A number of research analysts have recently commented on TWLO shares. J P Morgan Chase & Co raised Twilio from a “neutral” rating to an “overweight” rating and upped their target price for the company from $26.93 to $36.00 in a research note on Friday, April 7th. Zacks Investment Research raised Twilio from a “sell” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday, April 28th. Vetr cut Twilio from a “strong-buy” rating to a “buy” rating and set a $36.20 target price on the stock. in a research note on Thursday, April 27th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, March 17th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $44.00 target price on shares of Twilio in a research note on Thursday, May 25th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Twilio currently has a consensus rating of “Buy” and an average target price of $35.57.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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