Twilio Sees Unusually Large Options Volume (NYSE:TWLO)
Twilio Inc. (NYSE:TWLO) saw unusually large options trading on Monday. Stock traders acquired 14,510 call options on the company. This represents an increase of approximately 450% compared to the average daily volume of 2,640 call options.
Twilio (NYSE TWLO) opened at 33.00 on Thursday. The stock’s 50 day moving average price is $29.39 and its 200 day moving average price is $29.01. The stock’s market capitalization is $2.99 billion. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.20). Twilio had a negative return on equity of 15.99% and a negative net margin of 13.42%. The firm had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. During the same period last year, the company earned ($0.08) EPS. Twilio’s quarterly revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts predict that Twilio will post ($0.29) earnings per share for the current fiscal year.
In other Twilio news, Director Richard L. Dalzell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $30.01, for a total value of $75,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 5,381 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $31.40, for a total value of $168,963.40. The disclosure for this sale can be found here. Insiders sold a total of 45,870 shares of company stock valued at $1,296,550 in the last 90 days.
Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its stake in shares of Twilio by 12.1% in the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after buying an additional 555 shares during the period. IFP Advisors Inc raised its stake in shares of Twilio by 10.0% in the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after buying an additional 469 shares during the period. US Bancorp DE raised its stake in shares of Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after buying an additional 3,878 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Twilio by 111.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,978 shares of the technology company’s stock worth $174,000 after buying an additional 3,156 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock worth $212,000 after buying an additional 4,897 shares during the period. 73.97% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on TWLO. Vetr upgraded Twilio from a “buy” rating to a “strong-buy” rating and set a $34.50 price objective for the company in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $38.00 price objective (down previously from $50.00) on shares of Twilio in a research report on Thursday, May 4th. Northland Securities reiterated an “outperform” rating and issued a $30.00 price objective on shares of Twilio in a research report on Sunday, May 28th. JMP Securities reiterated an “outperform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Twilio in a research report on Tuesday, June 20th. Finally, Robert W. Baird boosted their price objective on Twilio from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Twilio has a consensus rating of “Buy” and a consensus price target of $37.25.
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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