Verdence Capital Advisors LLC lowered its holdings in Twilio Inc. (NYSE:TWLO – Free Report) by 44.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,880 shares of the technology company’s stock after selling 2,272 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Twilio were worth $842,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Twilio by 10.8% during the first quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock worth $410,330,000 after buying an additional 316,858 shares during the last quarter. Atreides Management LP raised its stake in Twilio by 28.5% during the 1st quarter. Atreides Management LP now owns 921,602 shares of the technology company’s stock valued at $115,956,000 after purchasing an additional 204,656 shares during the last quarter. KBC Group NV raised its stake in Twilio by 1.4% during the 1st quarter. KBC Group NV now owns 790,548 shares of the technology company’s stock valued at $99,466,000 after purchasing an additional 11,014 shares during the last quarter. First Trust Advisors LP boosted its holdings in Twilio by 10.8% in the 1st quarter. First Trust Advisors LP now owns 721,734 shares of the technology company’s stock valued at $90,808,000 after purchasing an additional 70,154 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Twilio by 137.9% in the 1st quarter. Quantinno Capital Management LP now owns 648,882 shares of the technology company’s stock valued at $81,642,000 after purchasing an additional 376,142 shares during the period. 84.27% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. HSBC lowered shares of Twilio from a “hold” rating to a “reduce” rating and set a $211.00 price target on the stock. in a research report on Thursday, September 24th. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $260.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, October 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $240.00 target price on shares of Twilio in a research note on Friday, August 7th. Weiss Ratings raised Twilio from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Twilio in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $271.04.
Read Our Latest Stock Report on TWLO
Twilio News Roundup
Here are the key news stories impacting Twilio this week:
- Positive Sentiment: Twilio reported third-quarter earnings of $1.65 per share, above the $1.46–$1.47 consensus estimate and up from $1.25 a year earlier. Revenue reached $1.56 billion, also exceeding analysts’ $1.52 billion forecast. Twilio Q3 Earnings and Revenues Beat Estimates
- Positive Sentiment: Organic revenue growth was 16% in the third quarter, while the company demonstrated improving earnings power, with a reported net margin of 20.61%. Twilio Earnings Report
- Positive Sentiment: Recent analyst commentary was supportive, including a new Buy rating and a Wells Fargo analyst view that Twilio’s stock could rise. New Buy Rating for Twilio
- Neutral Sentiment: Broader economic data released Thursday showed headline PCE inflation rising 3.6% year over year, while initial jobless claims were little changed. These developments provide market context but were not specific to Twilio. GDP, PCE, Jobless Claims and Q3 Earnings
- Negative Sentiment: Twilio expects organic revenue growth to slow to 11%–12% in the fourth quarter, a notable step down from Q3’s 16% pace. The outlook also calls for lower profit, raising concerns about decelerating growth despite the earnings beat. Twilio Sees Slower Q4 Growth and Lower Profit
Insider Activity
In other news, CEO Khozema Shipchandler sold 14,442 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 178,863 shares in the company, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Stafman sold 500,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total value of $123,540,000.00. Following the completion of the transaction, the director directly owned 120,000 shares of the company’s stock, valued at approximately $29,649,600. The trade was a 80.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 538,818 shares of company stock worth $134,833,645. Company insiders own 0.21% of the company’s stock.
Twilio Price Performance
Shares of Twilio stock opened at $242.71 on Friday. The firm has a market cap of $37.27 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 5.20 and a beta of 1.35. The firm’s 50-day simple moving average is $256.85 and its 200-day simple moving average is $187.78. Twilio Inc. has a twelve month low of $105.00 and a twelve month high of $308.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.62 and a current ratio of 4.62.
Twilio (NYSE:TWLO – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Twilio had a net margin of 20.61% and a return on equity of 5.09%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. As a group, research analysts expect that Twilio Inc. will post 3.12 EPS for the current fiscal year.
Twilio Profile
Twilio Inc (NYSE:TWLO) provides a cloud-based customer engagement platform that enables businesses to communicate with customers through software and application programming interfaces (APIs). Its services support messaging, voice, video, email, authentication, contact centers and other digital interactions across mobile and web applications.
The company’s products include programmable communications tools, Twilio SendGrid for email delivery, Twilio Verify for user authentication, Twilio Flex for cloud contact centers, and Twilio Segment for collecting and using customer data.
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