Jericho Capital Asset Management L.P. Sells 888,385 Shares of Twilio Inc. $TWLO

Key Points

• Jericho Capital cut its Twilio stake by 31.1%, selling 888,385 shares and now holds 1,970,978 shares (about 1.28% of Twilio, valued at ~$197.3M), making TWLO its 20th-largest position and ~2.0% of Jericho’s portfolio.
• Twilio beat expectations last quarter with $1.33 EPS vs. $1.24 consensus and $1.37B revenue (up 14.3% YoY), and provided Q1 FY2026 EPS guidance of 1.210–1.260.
• Insider selling included the CEO and CFO trimming positions; insiders sold 43,753 shares worth $6.05M over the last quarter, and insiders now own 4.5% of the company.

Jericho Capital Asset Management L.P. lessened its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 31.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,970,978 shares of the technology company's stock after selling 888,385 shares during the period. Twilio comprises approximately 2.0% of Jericho Capital Asset Management L.P.'s investment portfolio, making the stock its 20th biggest position. Jericho Capital Asset Management L.P. owned 1.28% of Twilio worth $197,275,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Estabrook Capital Management purchased a new position in Twilio during the 2nd quarter valued at $31,000. First Horizon Corp purchased a new stake in Twilio in the third quarter worth $28,000. Financial Gravity Companies Inc. purchased a new stake in Twilio in the second quarter worth $35,000. SJS Investment Consulting Inc. lifted its position in shares of Twilio by 1,564.7% during the third quarter. SJS Investment Consulting Inc. now owns 283 shares of the technology company's stock worth $28,000 after purchasing an additional 266 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new stake in shares of Twilio during the third quarter worth $42,000. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

TWLO stock opened at $124.40 on Monday. Twilio Inc. has a 1-year low of $77.51 and a 1-year high of $145.90. The business has a 50-day moving average price of $121.91 and a 200 day moving average price of $120.31. The company has a market capitalization of $18.85 billion, a P/E ratio of 654.78, a PEG ratio of 5.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.03 and a quick ratio of 4.03.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. Twilio had a net margin of 0.67% and a return on equity of 3.93%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the business earned $1.00 EPS. The firm's quarterly revenue was up 14.3% on a year-over-year basis. Twilio has set its Q1 2026 guidance at 1.210-1.260 EPS. As a group, equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of research analyst reports. Oppenheimer restated an "outperform" rating and issued a $170.00 price target on shares of Twilio in a report on Monday, January 5th. Morgan Stanley set a $153.00 price objective on shares of Twilio in a research report on Friday, February 13th. BTIG Research dropped their target price on shares of Twilio from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Citigroup reaffirmed a "market perform" rating on shares of Twilio in a research report on Tuesday, December 30th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $180.00 price target on shares of Twilio in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.22.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 8,109 shares of Twilio stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $143.38, for a total transaction of $1,162,668.42. Following the transaction, the chief financial officer directly owned 119,449 shares of the company's stock, valued at $17,126,597.62. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 13,336 shares of the business's stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $134.28, for a total transaction of $1,790,758.08. Following the completion of the transaction, the chief executive officer directly owned 193,781 shares of the company's stock, valued at $26,020,912.68. This trade represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 43,753 shares of company stock worth $6,050,080. Insiders own 4.50% of the company's stock.

About Twilio

Twilio Inc NYSE: TWLO is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio's platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company's product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.

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