Sanders Morris Harris LLC purchased a new position in Twilio Inc. (NYSE:TWLO – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,477 shares of the technology company’s stock, valued at approximately $1,894,000.
Several other institutional investors have also added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new position in shares of Twilio during the second quarter valued at about $1,637,000. Congress Asset Management Co. lifted its stake in shares of Twilio by 16.2% in the 3rd quarter. Congress Asset Management Co. now owns 160,425 shares of the technology company’s stock valued at $46,918,000 after acquiring an additional 22,311 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Twilio by 67.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock valued at $24,880,000 after acquiring an additional 48,742 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Twilio in the 1st quarter valued at about $4,288,000. Finally, Nykredit A S purchased a new stake in Twilio during the 2nd quarter valued at about $10,514,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Bank of America raised their price target on Twilio from $270.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $275.00 price target on shares of Twilio in a research note on Thursday, August 27th. Weiss Ratings upgraded Twilio from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. Piper Sandler increased their price objective on Twilio from $192.00 to $247.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Oppenheimer increased their price objective on Twilio from $235.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.48.
Twilio Trading Down 3.7%
NYSE:TWLO traded down $10.42 during mid-day trading on Wednesday, reaching $271.17. 1,972,651 shares of the company’s stock traded hands, compared to its average volume of 2,640,951. The company has a 50 day moving average price of $250.47 and a 200-day moving average price of $205.76. The firm has a market capitalization of $41.64 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 5.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.62 and a quick ratio of 4.62. Twilio Inc. has a 12-month low of $104.50 and a 12-month high of $308.40.
Twilio (NYSE:TWLO – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.15. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Twilio had a return on equity of 5.09% and a net margin of 20.61%. The business’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. On average, sell-side analysts predict that Twilio Inc. will post 3.12 earnings per share for the current year.
Insider Activity at Twilio
In related news, CEO Khozema Shipchandler sold 14,442 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $291.03, for a total value of $4,203,055.26. Following the completion of the sale, the chief executive officer owned 178,863 shares of the company’s stock, valued at $52,054,498.89. This trade represents a 7.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aidan Viggiano sold 9,084 shares of Twilio stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the completion of the sale, the chief financial officer owned 99,246 shares in the company, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 538,818 shares of company stock worth $134,833,645 over the last quarter. 0.21% of the stock is owned by corporate insiders.
Twilio Company Profile
Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.
The company’s offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.
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