Kovack Advisors Inc. Increases Holdings in Twilio Inc. (NYSE:TWLO)

Kovack Advisors Inc. lifted its position in Twilio Inc. (NYSE:TWLO) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,729 shares of the technology company’s stock after purchasing an additional 1,395 shares during the quarter. Kovack Advisors Inc.’s holdings in Twilio were worth $586,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TWLO. National Bank of Canada FI raised its stake in shares of Twilio by 30.5% in the third quarter. National Bank of Canada FI now owns 1,770 shares of the technology company’s stock worth $102,000 after purchasing an additional 414 shares during the last quarter. SG Americas Securities LLC raised its position in Twilio by 331.4% during the third quarter. SG Americas Securities LLC now owns 26,596 shares of the technology company’s stock valued at $1,557,000 after acquiring an additional 20,431 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Twilio by 84.2% during the third quarter. Exchange Traded Concepts LLC now owns 21,334 shares of the technology company’s stock valued at $1,249,000 after acquiring an additional 9,753 shares in the last quarter. Oak Thistle LLC purchased a new position in Twilio during the third quarter valued at approximately $498,000. Finally, Asset Management One Co. Ltd. raised its position in Twilio by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock valued at $4,229,000 after acquiring an additional 194 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 1,666 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the transaction, the insider now owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Aidan Viggiano sold 1,200 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $66,852.00. Following the transaction, the chief financial officer now owns 241,044 shares of the company’s stock, valued at approximately $13,428,561.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the transaction, the insider now directly owns 130,456 shares in the company, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TWLO shares. Barclays lifted their price target on Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer reiterated an “outperform” rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, April 17th. Wells Fargo & Company reduced their price target on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, TD Cowen cut their price objective on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.90.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $60.89 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The business’s 50 day moving average price is $60.11 and its 200-day moving average price is $64.05. The firm has a market capitalization of $11.02 billion, a PE ratio of -10.99 and a beta of 1.35. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. As a group, equities research analysts expect that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Twilio 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.