Panagora Asset Management Inc. Sells 431,981 Shares of Twilio Inc. $TWLO

Key Points

• Panagora Asset Management Inc. has significantly reduced its stake in Twilio Inc. by 84.3%, now holding only 80,699 shares after selling over 431,000 shares in the first quarter.
• Despite the recent stock sale, several analysts have set new price targets for Twilio, with UBS Group lowering their target to $135 while Tigress Financial maintains a higher target of $170.
• In recent insider trading, both CEO Khozema Shipchandler and CFO Aidan Viggiano sold shares, indicating a 5.22% and 1.22% decrease in their respective stock holdings.

Panagora Asset Management Inc. cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 84.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,699 shares of the technology company's stock after selling 431,981 shares during the quarter. Panagora Asset Management Inc. owned 0.05% of Twilio worth $7,901,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Twilio by 26.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company's stock worth $173,190,000 after buying an additional 331,202 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Twilio by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,271,273 shares of the technology company's stock valued at $124,470,000 after purchasing an additional 41,896 shares in the last quarter. Northern Trust Corp grew its stake in Twilio by 5.4% in the first quarter. Northern Trust Corp now owns 1,168,947 shares of the technology company's stock valued at $114,452,000 after purchasing an additional 60,002 shares in the last quarter. Two Sigma Investments LP grew its stake in Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after purchasing an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC bought a new position in Twilio in the fourth quarter valued at approximately $111,312,000. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction on Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at $32,450,151.93. The trade was a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the transaction, the chief financial officer owned 147,823 shares in the company, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,671 shares of company stock valued at $6,235,788 over the last ninety days. Insiders own 4.50% of the company's stock.

Twilio Stock Performance

NYSE:TWLO traded up $0.77 during mid-day trading on Thursday, hitting $106.01. 1,790,778 shares of the stock were exchanged, compared to its average volume of 3,207,654. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 883.45, a price-to-earnings-growth ratio of 3.31 and a beta of 1.27. The firm's 50-day simple moving average is $116.36 and its 200 day simple moving average is $109.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.90 and a current ratio of 4.90. Twilio Inc. has a fifty-two week low of $56.85 and a fifty-two week high of $151.95.

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

Analyst Ratings Changes

A number of research analysts have weighed in on TWLO shares. Tigress Financial restated a "buy" rating and issued a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. Piper Sandler raised their price target on Twilio from $140.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Twilio in a research note on Friday, May 16th. Finally, UBS Group reduced their target price on Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and an average price target of $129.32.

Twilio Profile

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.