Martingale Asset Management L P Sells 23,851 Shares of Twilio Inc. $TWLO

Key Points

• Martingale Asset Management L P reduced its holdings in Twilio Inc. by 66.8%, selling 23,851 shares during Q1 and leaving them with 11,874 shares valued at approximately $1.16 million.
• Several institutional investors have significantly increased their stakes in Twilio, with NewEdge Advisors LLC growing their holdings by an impressive 2,648.1% in the last quarter.
• Twilio reported a 13.5% increase in quarterly revenue year-over-year, totaling $1.23 billion, with earnings per share beating analysts' expectations at $1.19.

Martingale Asset Management L P reduced its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 66.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,874 shares of the technology company's stock after selling 23,851 shares during the quarter. Martingale Asset Management L P's holdings in Twilio were worth $1,163,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TWLO. Brighton Jones LLC increased its holdings in shares of Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after acquiring an additional 623 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Twilio by 2,648.1% during the fourth quarter. NewEdge Advisors LLC now owns 7,310 shares of the technology company's stock worth $790,000 after buying an additional 7,044 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Twilio by 63.6% during the fourth quarter. MML Investors Services LLC now owns 12,710 shares of the technology company's stock worth $1,374,000 after buying an additional 4,942 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Twilio by 6.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock worth $239,000 after buying an additional 140 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Twilio by 353.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,552 shares of the technology company's stock worth $600,000 after buying an additional 4,327 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares of the company's stock, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,807 shares of Twilio stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $105.94, for a total value of $191,433.58. Following the sale, the chief financial officer directly owned 146,016 shares of the company's stock, valued at approximately $15,468,935.04. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,771 shares of company stock valued at $6,727,911 over the last three months. Insiders own 0.21% of the company's stock.

Twilio Stock Performance

Shares of NYSE TWLO opened at $106.28 on Friday. The stock has a 50 day moving average price of $118.44 and a 200 day moving average price of $111.55. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.90 and a current ratio of 4.90. The stock has a market capitalization of $16.31 billion, a PE ratio of 885.74, a price-to-earnings-growth ratio of 3.36 and a beta of 1.23.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. JMP Securities reiterated a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. The Goldman Sachs Group increased their price objective on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp assumed coverage on Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective for the company. Finally, Jefferies Financial Group set a $132.00 price objective on Twilio and gave the stock a "hold" rating in a report on Sunday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and an average target price of $126.74.

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.

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.