North Dakota State Investment Board cut its holdings in Twilio Inc. (NYSE:TWLO – Free Report) by 50.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,529 shares of the technology company’s stock after selling 4,636 shares during the period. North Dakota State Investment Board’s holdings in Twilio were worth $1,325,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Western Pacific Wealth Management LP bought a new stake in Twilio during the third quarter worth $39,000. Continuum Advisory LLC purchased a new position in Twilio in the second quarter worth $33,000. Reyes Financial Architecture Inc. purchased a new position in Twilio in the third quarter worth $58,000. Hilltop National Bank purchased a new position in Twilio in the second quarter worth $50,000. Finally, Ascentis Independent Advisors bought a new position in Twilio in the 1st quarter valued at $33,000. 84.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. HSBC lowered Twilio from a “hold” rating to a “reduce” rating and set a $211.00 target price for the company. in a research report on Thursday, September 24th. Bank of America lifted their target price on Twilio from $270.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Zacks Research raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. The Goldman Sachs Group restated a “buy” rating and set a $330.00 price target on shares of Twilio in a research report on Friday, August 7th. Finally, TD Cowen restated a “buy” rating on shares of Twilio in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $268.00.
View Our Latest Stock Analysis on TWLO
Insider Buying and Selling at Twilio
In other Twilio news, Director Andrew Stafman sold 500,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 120,000 shares in the company, valued at $29,649,600. The trade was a 80.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 9,084 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total value of $2,676,600.60. Following the transaction, the chief financial officer directly owned 99,246 shares in the company, valued at $29,242,833.90. This 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 have sold a total of 538,818 shares of company stock worth $134,833,645 over the last ninety days. 0.21% of the stock is currently owned by company insiders.
Twilio Trading Down 14.9%
NYSE:TWLO opened at $205.95 on Friday. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $31.63 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 4.96 and a beta of 1.35. The firm’s 50 day moving average is $256.56 and its 200 day moving average is $188.15. Twilio Inc. has a 12 month low of $105.00 and a 12 month high of $308.40.
Twilio (NYSE:TWLO – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. Twilio had a return on equity of 5.74% and a net margin of 21.82%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. Twilio’s revenue for the quarter was up 19.9% on a year-over-year basis. Sell-side analysts expect that Twilio Inc. will post 3.12 earnings per share for the current year.
Key Stories Impacting Twilio
Here are the key news stories impacting Twilio this week:
- Positive Sentiment: Twilio reported third-quarter revenue of $1.56 billion, up nearly 20% year over year and above the $1.52 billion analyst consensus. Adjusted earnings of $1.65 per share also exceeded estimates of approximately $1.46-$1.47. Twilio Q3 Earnings and Revenues Beat Estimates
- Positive Sentiment: Demand for messaging, voice, email and artificial-intelligence-related communications supported growth, while profitability improved. Management also raised its full-year 2026 revenue outlook. Twilio Q3 Earnings Beat Estimates on Strong Revenue Growth
- Positive Sentiment: Record free cash flow and management’s view that long-term AI demand remains intact provide support for the company’s longer-term growth thesis. TWLO Stock and AI Demand
- Neutral Sentiment: Needham maintained a “buy” rating but lowered its price target from $280 to $240, reflecting continued confidence in Twilio while acknowledging increased near-term uncertainty. Needham Twilio Rating
- Negative Sentiment: Organic revenue growth was 16% in the third quarter, but management expects it to slow to roughly 11%-12% in the fourth quarter. The lower growth forecast overshadowed the earnings beat and raised concerns that AI benefits may take longer to accelerate. Twilio Sees Slower Q4 Growth and Lower Profit
- Negative Sentiment: The fourth-quarter outlook also points to lower profit, prompting investors to reassess Twilio’s elevated valuation despite strong cash generation and a raised full-year revenue forecast. Twilio Stock Sinks as Slowing Growth Raises Concerns
About Twilio
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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