Twilio Inc. $TWLO Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth reduced its Twilio stake by 10.1% in the second quarter, selling 10,615 shares and retaining 94,644 shares worth approximately $19.5 million. Institutional investors collectively own 84.27% of Twilio.
• Analysts remain broadly bullish, with Twilio receiving a “Moderate Buy” consensus rating and an average price target of $249.68. Recent targets were raised by Wells Fargo and KeyCorp, although Zacks Research downgraded the stock to “Hold.”
• Twilio reported stronger-than-expected quarterly results, including $1.47 in EPS and $1.50 billion in revenue, up 22% year over year. However, insiders sold 547,354 shares worth $133.3 million over the past three months, including a $123.5 million sale by director Andrew Stafman.

Corient Private Wealth LP lessened its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,644 shares of the technology company's stock after selling 10,615 shares during the period. Corient Private Wealth LP owned about 0.06% of Twilio worth $19,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional lifted its stake in shares of Twilio by 9.5% in the 2nd quarter. CX Institutional now owns 701 shares of the technology company's stock valued at $145,000 after purchasing an additional 61 shares during the period. Affinity Capital Advisors LLC boosted its holdings in Twilio by 2.6% during the second quarter. Affinity Capital Advisors LLC now owns 2,869 shares of the technology company's stock worth $600,000 after buying an additional 74 shares in the last quarter. Wedmont Private Capital grew its position in Twilio by 2.1% during the second quarter. Wedmont Private Capital now owns 3,691 shares of the technology company's stock valued at $792,000 after buying an additional 75 shares during the period. Everhart Financial Group Inc. grew its position in Twilio by 4.3% during the second quarter. Everhart Financial Group Inc. now owns 1,896 shares of the technology company's stock valued at $391,000 after buying an additional 79 shares during the period. Finally, SJS Investment Consulting Inc. increased its holdings in Twilio by 27.7% in the first quarter. SJS Investment Consulting Inc. now owns 429 shares of the technology company's stock valued at $54,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $261.00 price objective on shares of Twilio in a research report on Friday, August 7th. Zacks Research cut Twilio from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Wells Fargo & Company lifted their price target on Twilio from $225.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. KGI Securities initiated coverage on Twilio in a report on Thursday, July 2nd. They issued an "outperform" rating and a $250.00 price target for the company. Finally, KeyCorp increased their price target on Twilio from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average target price of $249.68.

Insider Activity

In other news, CEO Khozema Shipchandler sold 14,458 shares of the firm's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $210.43, for a total value of $3,042,396.94. Following the transaction, the chief executive officer directly owned 207,203 shares of the company's stock, valued at approximately $43,601,727.29. This trade represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Stafman sold 500,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total transaction of $123,540,000.00. Following the transaction, the director owned 120,000 shares in the company, valued at $29,649,600. The trade was a 80.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 547,354 shares of company stock worth $133,284,825 over the last three months. Insiders own 0.21% of the company's stock.

Twilio Stock Up 1.9%

Shares of TWLO opened at $231.68 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.62 and a current ratio of 4.62. Twilio Inc. has a one year low of $98.44 and a one year high of $258.35. The stock has a market capitalization of $35.58 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 4.72 and a beta of 1.40. The stock has a 50 day moving average price of $218.59 and a 200 day moving average price of $183.11.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.15. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.19 EPS. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. Equities research analysts forecast that Twilio Inc. will post 3.08 earnings per share for the current fiscal year.

Twilio Profile

Twilio Inc is a cloud communications and customer engagement technology company that provides application programming interfaces (APIs) and software tools for businesses. Its platform enables organizations to integrate communications capabilities such as voice calls, text messaging, email, video, authentication and customer support into websites, mobile applications and other digital products.

Twilio's offerings include programmable communications services, customer data and analytics tools through Segment, and contact center software through Twilio Flex.

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