Twilio Inc. $TWLO Stock Bought by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its Twilio stake by 58.9% in the third quarter, acquiring 217,952 additional shares for a total of 588,018 shares valued at about $172 million. Institutional investors collectively own 84.27% of Twilio.
• Twilio insiders sold significant stock recently, including sales by the CEO and CFO; insiders have sold 538,818 shares worth approximately $134.8 million over the past 90 days.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $250.39. Twilio shares recently traded at $276.73, while its latest quarterly earnings and revenue exceeded analyst expectations.

Artemis Investment Management LLP boosted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 58.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 588,018 shares of the technology company's stock after acquiring an additional 217,952 shares during the period. Twilio comprises about 1.3% of Artemis Investment Management LLP's holdings, making the stock its 15th biggest holding. Artemis Investment Management LLP owned 0.38% of Twilio worth $171,972,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Twilio by 10.8% in the 1st quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company's stock worth $410,330,000 after buying an additional 316,858 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Twilio by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,331,471 shares of the technology company's stock valued at $293,237,000 after acquiring an additional 349,131 shares during the last quarter. Atreides Management LP raised its holdings in shares of Twilio by 28.5% during the first quarter. Atreides Management LP now owns 921,602 shares of the technology company's stock valued at $115,956,000 after acquiring an additional 204,656 shares during the last quarter. KBC Group NV lifted its position in shares of Twilio by 1.4% in the first quarter. KBC Group NV now owns 790,548 shares of the technology company's stock valued at $99,466,000 after acquiring an additional 11,014 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Twilio by 10.8% in the first quarter. First Trust Advisors LP now owns 721,734 shares of the technology company's stock valued at $90,808,000 after acquiring an additional 70,154 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 14,442 shares of the business's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $291.03, for a total value of $4,203,055.26. Following the transaction, the chief executive officer directly owned 178,863 shares in the company, valued at $52,054,498.89. The trade was a 7.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aidan Viggiano sold 9,084 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the completion of the sale, the chief financial officer directly owned 99,246 shares of the company's stock, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 538,818 shares of company stock valued at $134,833,645 over the last ninety days. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

TWLO has been the subject of several research reports. The Goldman Sachs Group reiterated a "buy" rating and set a $330.00 price target on shares of Twilio in a research report on Friday, August 7th. Weiss Ratings raised shares of Twilio from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 29th. KGI Securities began coverage on shares of Twilio in a report on Thursday, July 2nd. They set an "outperform" rating and a $250.00 target price for the company. UBS Group increased their target price on shares of Twilio from $200.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Zacks Research downgraded shares of Twilio from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.39.

Twilio Trading Up 1.4%

NYSE TWLO traded up $3.73 on Thursday, reaching $276.73. 619,845 shares of the company were exchanged, compared to its average volume of 2,646,420. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11. The business's fifty day moving average price is $243.45 and its 200 day moving average price is $201.32. The stock has a market capitalization of $42.50 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 5.75 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $104.50 and a fifty-two week high of $308.40.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.32 by $0.15. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. Analysts forecast that Twilio Inc. will post 3.12 earnings per share for the current year.

About Twilio

Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.

The company's offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.

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