Kovack Advisors Inc. Has $376,000 Holdings in Twilio Inc. (NYSE:TWLO)

Kovack Advisors Inc. cut its stake in Twilio Inc. (NYSE:TWLO) by 20.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TWLO. Axxcess Wealth Management LLC raised its stake in shares of Twilio by 4.0% in the third quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock worth $345,000 after acquiring an additional 228 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of Twilio by 6.3% during the third quarter. Scotia Capital Inc. now owns 4,131 shares of the technology company’s stock worth $242,000 after buying an additional 243 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Twilio by 8.0% during the third quarter. Harbour Investments Inc. now owns 4,592 shares of the technology company’s stock worth $269,000 after buying an additional 339 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Twilio by 10.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after buying an additional 113,042 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Twilio by 1.0% during the third quarter. American Century Companies Inc. now owns 552,469 shares of the technology company’s stock worth $32,336,000 after buying an additional 5,544 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Trading Down 1.4 %

Twilio stock opened at $56.43 on Friday. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $58.30 and a 200-day moving average of $63.29.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Equities analysts predict that Twilio Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,237 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the transaction, the insider now owns 160,137 shares in the company, valued at $9,012,510.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 300,084 shares in the company, valued at $16,891,728.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,237 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the transaction, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,684 shares of company stock worth $2,767,619. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TWLO shares. Robert W. Baird dropped their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. Macquarie dropped their price target on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Tigress Financial began coverage on shares of Twilio in a research note on Friday, June 28th. They issued a “buy” rating and a $75.00 target price for the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.48.

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.