Twilio Inc. $TWLO Shares Bought by Pinnacle Wealth Management LLC

Key Points

• Pinnacle Wealth Management LLC increased its stake in Twilio Inc. by 172.5% during the second quarter, now holding 16,303 shares valued at approximately $2 million.
• Institutional investors own 84.27% of Twilio's stock, with several hedge funds significantly boosting their holdings recently, such as Wellington Management Group, which increased its stake by 4,280.5%.
• Twilio's latest earnings report showed a 13.5% year-over-year revenue increase, with a reported EPS of $1.19, exceeding analysts' expectations of $1.02.

Pinnacle Wealth Management LLC raised its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 172.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,303 shares of the technology company's stock after buying an additional 10,320 shares during the quarter. Twilio accounts for 1.7% of Pinnacle Wealth Management LLC's portfolio, making the stock its 27th largest position. Pinnacle Wealth Management LLC's holdings in Twilio were worth $2,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its stake in Twilio by 211.8% during the first quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company's stock valued at $575,000 after buying an additional 3,993 shares in the last quarter. Wellington Management Group LLP lifted its stake in Twilio by 4,280.5% during the first quarter. Wellington Management Group LLP now owns 260,069 shares of the technology company's stock valued at $25,463,000 after buying an additional 254,132 shares in the last quarter. Bank of Nova Scotia lifted its stake in Twilio by 502.1% during the first quarter. Bank of Nova Scotia now owns 32,341 shares of the technology company's stock valued at $3,167,000 after buying an additional 26,970 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Twilio during the first quarter valued at about $716,000. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in Twilio during the second quarter valued at about $4,809,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 8,363 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $100.59, for a total value of $841,234.17. Following the transaction, the chief financial officer owned 137,653 shares in the company, valued at approximately $13,846,515.27. This represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 13,681 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $100.59, for a total value of $1,376,171.79. Following the completion of the transaction, the chief executive officer owned 233,305 shares in the company, valued at $23,468,149.95. This represents a 5.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,808 shares of company stock worth $4,677,916 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TWLO has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Rosenblatt Securities reissued a "buy" rating and issued a $140.00 price target on shares of Twilio in a research report on Friday, September 26th. Weiss Ratings reissued a "hold (c-)" rating on shares of Twilio in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Twilio from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Wells Fargo & Company initiated coverage on shares of Twilio in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $130.22.

Twilio Trading Up 0.4%

NYSE:TWLO opened at $106.67 on Friday. The stock's 50 day moving average price is $104.78 and its 200 day moving average price is $109.15. Twilio Inc. has a 52 week low of $69.40 and a 52 week high of $151.95. The company has a market capitalization of $16.37 billion, a P/E ratio of 888.98, a P/E/G ratio of 3.30 and a beta of 1.25. 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 (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm's revenue was up 13.5% on a year-over-year basis. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. On average, research analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.

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