Twilio Inc. $TWLO Shares Sold by SG Americas Securities LLC

Key Points

• SG Americas trimmed its stake in Twilio by 82.9% in Q3, selling 11,025 shares and leaving 2,269 shares worth about $227,000.
• Insider selling has been heavy: the CFO and CEO sold shares in early January and insiders have offloaded 1,043,438 shares worth roughly $135.0 million in the past 90 days, leaving insiders with about 4.5% ownership.
• Twilio recently beat earnings and revenue (EPS $1.25 vs. $1.07 est.; revenue $1.30B vs. $1.25B, revenue +14.7% y/y) and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $146.44.

SG Americas Securities LLC trimmed its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 82.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,269 shares of the technology company's stock after selling 11,025 shares during the period. SG Americas Securities LLC's holdings in Twilio were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC purchased a new position in Twilio in the 2nd quarter worth approximately $4,809,000. Hood River Capital Management LLC increased its holdings in shares of Twilio by 36.2% in the second quarter. Hood River Capital Management LLC now owns 133,529 shares of the technology company's stock valued at $16,606,000 after purchasing an additional 35,468 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Twilio by 694.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,579 shares of the technology company's stock worth $7,285,000 after buying an additional 51,208 shares in the last quarter. Securian Asset Management Inc. acquired a new position in Twilio during the third quarter worth $1,150,000. Finally, Fluent Financial LLC purchased a new stake in Twilio in the 3rd quarter valued at $1,543,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Price Performance

TWLO opened at $135.98 on Thursday. The stock's 50-day moving average price is $132.14 and its 200 day moving average price is $120.05. Twilio Inc. has a 12-month low of $77.51 and a 12-month high of $151.95. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 331.66, a PEG ratio of 2.61 and a beta of 1.30. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, October 30th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.18. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Twilio had a return on equity of 3.36% and a net margin of 1.37%.Twilio's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. As a group, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TWLO shares. Piper Sandler restated a "neutral" rating and set a $148.00 price target (up previously from $145.00) on shares of Twilio in a report on Monday, January 5th. KeyCorp lifted their target price on Twilio from $146.00 to $156.00 and gave the company an "overweight" rating in a research report on Friday, October 31st. FBN Securities upgraded Twilio to a "strong-buy" rating in a report on Wednesday, November 12th. Citizens Jmp raised their price objective on Twilio from $165.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Tuesday, December 30th. Finally, Rosenblatt Securities upped their target price on shares of Twilio from $140.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $146.44.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 7,213 shares of Twilio stock in a transaction on Monday, January 5th. The stock was sold at an average price of $135.97, for a total value of $980,751.61. Following the completion of the transaction, the chief financial officer directly owned 112,236 shares in the company, valued at approximately $15,260,728.92. This trade represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 13,336 shares of the business's stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $134.28, for a total value of $1,790,758.08. Following the transaction, the chief executive officer directly owned 193,781 shares of the company's stock, valued at $26,020,912.68. The trade was a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,043,438 shares of company stock worth $135,022,770 in the last ninety days. 4.50% of the stock is owned by corporate insiders.

Twilio Profile

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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