Atreides Management LP Makes New $11.30 Million Investment in Twilio Inc. $TWLO

Key Points

• Atreides Management LP has acquired a new position in Twilio Inc., purchasing 115,357 shares valued at approximately $11.3 million in the first quarter.
• Several large institutional investors have also increased their stakes in Twilio, bringing the total institutional ownership to 84.27%.
• Twilio reported earnings of $1.19 per share for the latest quarter, exceeding expectations and reflecting a year-over-year revenue increase of 13.5%.

Atreides Management LP purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 115,357 shares of the technology company's stock, valued at approximately $11,295,000. Atreides Management LP owned approximately 0.08% of Twilio at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Twilio during the first quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Twilio during the first quarter valued at about $28,000. TCTC Holdings LLC boosted its stake in shares of Twilio by 118.1% during the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after purchasing an additional 183 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Twilio during the first quarter valued at about $34,000. Finally, UMB Bank n.a. acquired a new stake in shares of Twilio during the first quarter valued at about $37,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,807 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $105.94, for a total transaction of $191,433.58. Following the completion of the sale, the chief financial officer directly owned 146,016 shares in the company, valued at $15,468,935.04. This represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 13,595 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. This trade represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,671 shares of company stock valued at $6,235,788 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

Twilio Price Performance

NYSE TWLO traded up $0.77 during trading on Thursday, reaching $106.01. The company's stock had a trading volume of 1,790,778 shares, compared to its average volume of 5,774,959. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.90 and a quick ratio of 4.90. The stock has a market capitalization of $16.26 billion, a PE ratio of 883.45, a P/E/G ratio of 3.29 and a beta of 1.27. The firm has a fifty day moving average of $116.05 and a 200 day moving average of $109.55. Twilio Inc. has a one year low of $56.85 and a one year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a return on equity of 2.78% and a net margin of 0.43%.The company's revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. Analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Tigress Financial reissued a "buy" rating and set a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. UBS Group cut their price target on Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Piper Sandler lifted their price objective on Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Twilio in a research note on Friday, May 16th. Finally, Wall Street Zen lowered Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.32.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.