39,350 Twilio Inc. $TWLO Shares Bought by Glynn Capital Management LLC

Key Points

• Glynn Capital Management dramatically increased its Twilio stake by purchasing 39,350 shares in the third quarter, bringing its holdings to 39,451 shares valued at approximately $11.5 million. Institutional investors collectively own 84.27% of Twilio.
• Twilio reported quarterly earnings of $1.47 per share, exceeding estimates of $1.32, while revenue rose 22% year over year to $1.50 billion. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $250.39.
• Twilio shares opened at $279.03, near their 52-week high of $308.40, despite the article noting a 7.3% decline. Company insiders sold significant shares recently, largely to cover tax obligations tied to equity awards.

Glynn Capital Management LLC boosted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 38,960.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,451 shares of the technology company's stock after buying an additional 39,350 shares during the period. Twilio accounts for about 3.4% of Glynn Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Glynn Capital Management LLC's holdings in Twilio were worth $11,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TWLO. Congress Asset Management Co. increased its holdings 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 period. Eleva Capital SAS purchased a new stake in shares of Twilio during the 3rd quarter worth $3,020,000. Central Pacific Bank Trust Division boosted its position in Twilio by 39.8% during the third quarter. Central Pacific Bank Trust Division now owns 4,528 shares of the technology company's stock valued at $1,324,000 after purchasing an additional 1,289 shares in the last quarter. Eastern Bank bought a new stake in Twilio during the third quarter valued at about $731,000. Finally, QRG Capital Management Inc. grew its stake in Twilio by 10.8% in the second quarter. QRG Capital Management Inc. now owns 7,720 shares of the technology company's stock valued at $1,593,000 after purchasing an additional 752 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In other news, 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 directly owned 99,246 shares in the company, valued at approximately $29,242,833.90. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 13,898 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $294.08, for a total transaction of $4,087,123.84. Following the sale, the chief executive officer directly owned 193,305 shares in the company, valued at $56,847,134.40. This trade represents a 6.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 524,376 shares of company stock valued at $130,630,590. Insiders own 0.21% of the company's stock.

Twilio Trading Down 7.3%

Shares of NYSE:TWLO opened at $279.03 on Wednesday. The business's 50-day moving average is $241.75 and its 200 day moving average is $200.30. 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 1 year low of $104.50 and a 1 year high of $308.40. The firm has a market capitalization of $42.85 billion, a P/E ratio of 38.86, a P/E/G ratio of 6.17 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results 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. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.19 earnings per share. The company's quarterly revenue was up 22.0% on a year-over-year basis. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. On average, research analysts predict that Twilio Inc. will post 3.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Twilio from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. Stifel Nicolaus set a $275.00 price target on shares of Twilio in a report on Friday, August 7th. BTIG Research reaffirmed a "buy" rating and issued a $285.00 price objective on shares of Twilio in a research report on Friday, September 11th. Zacks Research lowered shares of Twilio from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Finally, Tigress Financial increased their target price on shares of Twilio from $170.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $250.39.

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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