Calamos Advisors LLC Has $2.70 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Calamos Advisors LLC boosted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 131.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,527 shares of the technology company's stock after buying an additional 27,000 shares during the period. Calamos Advisors LLC's holdings in Twilio were worth $2,700,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TWLO. Atria Wealth Solutions Inc. increased its position in Twilio by 41.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,243 shares of the technology company's stock worth $550,000 after buying an additional 2,128 shares during the period. Syon Capital LLC acquired a new position in Twilio during the fourth quarter worth approximately $372,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Twilio during the fourth quarter worth approximately $57,000. Motley Fool Asset Management LLC purchased a new position in shares of Twilio in the 4th quarter valued at approximately $223,000. Finally, Kovack Advisors Inc. grew its stake in shares of Twilio by 22.0% in the 4th quarter. Kovack Advisors Inc. now owns 7,729 shares of the technology company's stock valued at $586,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,931 shares of the company'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 completion of the transaction, the chief financial officer now directly owns 184,570 shares in the company, valued at $11,382,431.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 820 shares of the business's stock in a transaction dated 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 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now directly owns 184,570 shares of the company's stock, valued at approximately $11,382,431.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,687 shares of company stock worth $4,082,924. 4.50% of the stock is currently owned by insiders.

Twilio Price Performance

Shares of NYSE TWLO traded up $1.86 during trading on Friday, reaching $60.76. The company had a trading volume of 1,877,414 shares, compared to its average volume of 2,502,398. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The stock has a market capitalization of $9.76 billion, a PE ratio of -15.15, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. The stock has a 50-day moving average price of $57.97 and a two-hundred day moving average price of $59.55. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.23) earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Twilio Inc. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on TWLO shares. Piper Sandler reiterated an "overweight" rating and issued a $83.00 target price (up from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Robert W. Baird lowered their target price on Twilio from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 8th. Barclays lowered their target price 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. JPMorgan Chase & Co. lifted their price target on Twilio from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Tigress Financial lifted their price target on Twilio from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Twilio presently has a consensus rating of "Hold" and an average target price of $70.43.

About Twilio

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.