Twilio Inc. (NYSE:TWLO) saw unusually large options trading activity on Monday. Traders acquired 14,510 call options on the company. This is an increase of approximately 450% compared to the average volume of 2,640 call options.
In other Twilio news, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $30.01, for a total transaction of $75,025.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Karyn Smith sold 5,381 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total transaction of $168,963.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,870 shares of company stock worth $1,296,550.
A number of institutional investors have recently added to or reduced their stakes in the stock. potrero capital research llc bought a new position in Twilio during the second quarter valued at approximately $291,000. Messner & Smith Theme Value Investment Management Ltd. CA acquired a new stake in shares of Twilio during the second quarter valued at about $1,510,000. Parametric Portfolio Associates LLC raised its stake in shares of Twilio by 155.6% in the second quarter. Parametric Portfolio Associates LLC now owns 19,761 shares of the technology company’s stock valued at $575,000 after buying an additional 12,031 shares during the period. Advisor Group Inc. raised its stake in shares of Twilio by 38.9% in the second quarter. Advisor Group Inc. now owns 19,080 shares of the technology company’s stock valued at $556,000 after buying an additional 5,348 shares during the period. Finally, Formula Growth Ltd. acquired a new stake in shares of Twilio during the second quarter valued at about $7,278,000. Hedge funds and other institutional investors own 73.97% of the company’s stock.
Twilio (TWLO) opened at 31.38 on Friday. The stock’s market cap is $2.85 billion. The stock has a 50 day moving average of $29.93 and a 200-day moving average of $29.14. Twilio has a 52 week low of $22.80 and a 52 week high of $70.96.
Twilio (NYSE:TWLO) last released its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. The business’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) EPS. Analysts forecast that Twilio will post ($0.23) earnings per share for the current year.
A number of equities analysts have weighed in on the stock. Canaccord Genuity increased their price target on shares of Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Friday. Drexel Hamilton reaffirmed a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Twilio in a research note on Wednesday. Vetr downgraded shares of Twilio from a “strong-buy” rating to a “buy” rating and set a $32.34 price target on the stock. in a research note on Monday, June 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Twilio from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.25.
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Twilio Company Profile
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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