215,683 Shares of Twilio Inc. $TWLO Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management opened a new Twilio position, acquiring 215,683 shares worth approximately $63.1 million, or about 0.14% of the company. Institutional investors collectively own 84.27% of Twilio.
• Twilio’s latest quarterly results beat estimates: earnings were $1.65 per share versus $1.47 expected, while revenue reached $1.56 billion and grew 19.9% year over year.
• Company insiders sold 38,818 shares worth about $11.3 million over the past three months. Analysts’ consensus rating was Moderate Buy, with an average price target of $269.48.

William Blair Investment Management LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 215,683 shares of the technology company's stock, valued at approximately $63,079,000. William Blair Investment Management LLC owned approximately 0.14% of Twilio as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TWLO. Royal Bank of Canada lifted its holdings in shares of Twilio by 10.8% during the 1st quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company's stock worth $410,330,000 after acquiring an additional 316,858 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Twilio by 21.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,501 shares of the technology company's stock worth $300,517,000 after acquiring an additional 173,467 shares in the last quarter. Atreides Management LP increased its stake in Twilio by 28.5% in the first quarter. Atreides Management LP now owns 921,602 shares of the technology company's stock valued at $115,956,000 after acquiring an additional 204,656 shares during the last quarter. KBC Group NV increased its stake in Twilio by 1.4% in the first quarter. KBC Group NV now owns 790,548 shares of the technology company's stock valued at $99,466,000 after acquiring an additional 11,014 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Twilio by 10.8% during the first 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 in the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 9,084 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the sale, the chief financial officer owned 99,246 shares in the company, valued at $29,242,833.90. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 178,863 shares of the company's stock, valued at approximately $52,054,498.89. The trade was a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 38,818 shares of company stock worth $11,293,645. 0.21% of the stock is currently owned by company insiders.

Twilio Price Performance

NYSE:TWLO traded down $0.98 on Friday, hitting $211.23. The company had a trading volume of 1,882,898 shares, compared to its average volume of 2,813,396. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 4.12 and a beta of 1.49. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $252.39 and a two-hundred day moving average of $192.39. Twilio Inc. has a 52 week low of $105.00 and a 52 week high of $308.40.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.18. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. The company's revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. On average, research analysts anticipate that Twilio Inc. will post 3.29 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the subject of several recent analyst reports. Mizuho set a $270.00 target price on Twilio in a research note on Wednesday, August 12th. Rosenblatt Securities lifted their price target on Twilio from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. lowered their price target on Twilio from $335.00 to $300.00 and set an "overweight" rating for the company in a report on Friday, October 30th. BTIG Research upped their price objective on Twilio from $285.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, October 16th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Twilio in a research note on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $269.48.

Twilio Company Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.

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