Calamos Advisors LLC Boosts Position in Twilio Inc. (NYSE:TWLO)

Calamos Advisors LLC grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 131.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,527 shares of the technology company’s stock after acquiring an additional 27,000 shares during the quarter. Calamos Advisors LLC’s holdings in Twilio were worth $2,700,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Principal Securities Inc. purchased a new position in Twilio in the 4th quarter worth approximately $25,000. Activest Wealth Management grew its stake in shares of Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. Westend Capital Management LLC purchased a new stake in shares of Twilio in the first quarter worth $35,000. GAMMA Investing LLC boosted its position in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Twilio during the fourth quarter valued at $57,000. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

TWLO stock traded up $1.86 during mid-day trading on Friday, reaching $60.76. 1,877,414 shares of the company’s stock were exchanged, compared to its average volume of 2,502,398. The company has a market cap of $9.76 billion, a price-to-earnings ratio of -15.15, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. The stock’s 50 day moving average is $57.97 and its 200 day moving average is $59.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. Twilio’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) earnings per share. On average, research analysts expect that Twilio Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling at Twilio

In related news, insider Dana Wagner sold 820 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the sale, the insider now owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Dana Wagner sold 820 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $46,133.20. Following the completion of the transaction, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The disclosure for this sale can be found here. Insiders sold 71,687 shares of company stock valued at $4,082,924 over the last quarter. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TWLO has been the topic of several research reports. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Sunday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research note on Monday, May 20th. Barclays reduced their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Finally, Canaccord Genuity Group dropped their price objective on Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.43.

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.