Twilio Inc. (NYSE:TWLO) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in Twilio Inc. (NYSE:TWLO) by 20.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,147 shares of the technology company’s stock after selling 1,582 shares during the period. Kovack Advisors Inc.’s holdings in Twilio were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Twilio during the 4th quarter worth $25,000. Westend Capital Management LLC acquired a new stake in shares of Twilio during the 1st quarter worth $35,000. Blue Trust Inc. increased its holdings in shares of Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Twilio during the 4th quarter worth $46,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Twilio during the 4th quarter worth $49,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TWLO. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, April 17th. StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Tigress Financial initiated coverage on shares of Twilio in a research report on Friday, June 28th. They issued a “buy” rating and a $75.00 price objective for the company. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Finally, Sanford C. Bernstein decreased their price objective on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus target price of $69.48.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 796 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Dana Wagner sold 796 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 11,241 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the transaction, the chief executive officer now owns 300,084 shares in the company, valued at approximately $16,891,728.36. The disclosure for this sale can be found here. Insiders have sold 48,684 shares of company stock worth $2,767,619 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $56.43 on Friday. The firm’s 50 day moving average is $58.30 and its two-hundred day moving average is $63.29. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts expect that Twilio Inc. will post 0.18 EPS 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.