Twilio Inc. $TWLO Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems cut its Twilio position by 35.2% in the third quarter, selling 59,758 shares and retaining 109,792 shares valued at approximately $32.1 million.
• Institutional investors and hedge funds own 84.27% of Twilio, while insiders sold 538,818 shares worth roughly $134.8 million over the past 90 days, including substantial sales by the CEO and a director.
• Twilio exceeded third-quarter earnings and revenue estimates, with revenue rising 19.9% year over year, but concerns about slower fourth-quarter organic growth and lower projected profit have pressured the stock and tempered investor sentiment.

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 35.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,792 shares of the technology company's stock after selling 59,758 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Twilio worth $32,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TWLO. Soltis Investment Advisors LLC lifted its stake in Twilio by 8.1% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,651 shares of the technology company's stock valued at $483,000 after purchasing an additional 124 shares during the last quarter. Choreo LLC raised its stake in Twilio by 4.3% in the third quarter. Choreo LLC now owns 13,218 shares of the technology company's stock valued at $3,866,000 after buying an additional 542 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Twilio by 43.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 4,300 shares of the technology company's stock valued at $1,250,000 after buying an additional 1,300 shares during the period. D.A. Davidson & CO. bought a new stake in Twilio in the third quarter valued at approximately $210,000. Finally, Motley Fool Asset Management LLC lifted its position in shares of Twilio by 329.5% in the third quarter. Motley Fool Asset Management LLC now owns 11,660 shares of the technology company's stock valued at $3,410,000 after buying an additional 8,945 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction on Monday, October 5th. The stock was sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the completion of the sale, the chief executive officer owned 178,863 shares of the company's stock, valued at approximately $52,054,498.89. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $247.08, for a total transaction of $123,540,000.00. Following the completion of the sale, the director directly owned 120,000 shares of the company's stock, valued at approximately $29,649,600. The trade was a 80.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 538,818 shares of company stock worth $134,833,645 in the last ninety days. 0.21% of the stock is owned by company insiders.

Twilio Trading Down 14.9%

Shares of TWLO stock opened at $205.95 on Friday. Twilio Inc. has a 12-month low of $105.00 and a 12-month high of $308.40. The company has a market capitalization of $31.63 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 4.96 and a beta of 1.35. The firm has a 50 day moving average price of $256.56 and a two-hundred day moving average price of $188.15. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Twilio had a return on equity of 5.74% and a net margin of 21.82%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, analysts predict that Twilio Inc. will post 3.12 earnings per share for the current year.

Twilio News Summary

Here are the key news stories impacting Twilio this week:

• Positive Sentiment: Twilio reported third-quarter revenue of $1.56 billion, up nearly 20% year over year and above the $1.52 billion analyst consensus. Adjusted earnings of $1.65 per share also exceeded estimates of approximately $1.46-$1.47. Twilio Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Demand for messaging, voice, email and artificial-intelligence-related communications supported growth, while profitability improved. Management also raised its full-year 2026 revenue outlook. Twilio Q3 Earnings Beat Estimates on Strong Revenue Growth
• Positive Sentiment: Record free cash flow and management’s view that long-term AI demand remains intact provide support for the company’s longer-term growth thesis. TWLO Stock and AI Demand
• Neutral Sentiment: Needham maintained a “buy” rating but lowered its price target from $280 to $240, reflecting continued confidence in Twilio while acknowledging increased near-term uncertainty. Needham Twilio Rating
• Negative Sentiment: Organic revenue growth was 16% in the third quarter, but management expects it to slow to roughly 11%-12% in the fourth quarter. The lower growth forecast overshadowed the earnings beat and raised concerns that AI benefits may take longer to accelerate. Twilio Sees Slower Q4 Growth and Lower Profit
• Negative Sentiment: The fourth-quarter outlook also points to lower profit, prompting investors to reassess Twilio’s elevated valuation despite strong cash generation and a raised full-year revenue forecast. Twilio Stock Sinks as Slowing Growth Raises Concerns

Wall Street Analyst Weigh In

Several research analysts have recently commented on TWLO shares. BTIG Research lifted their target price on Twilio from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, October 16th. The Goldman Sachs Group restated a "buy" rating and issued a $330.00 price target on shares of Twilio in a research note on Friday, August 7th. Wells Fargo & Company raised their price target on Twilio from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday. TD Cowen reaffirmed a "buy" rating on shares of Twilio in a research report on Friday. Finally, Zacks Research raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $268.00.

About Twilio

Twilio Inc NYSE: TWLO provides a cloud-based customer engagement platform that enables businesses to communicate with customers through software and application programming interfaces (APIs). Its services support messaging, voice, video, email, authentication, contact centers and other digital interactions across mobile and web applications.

The company's products include programmable communications tools, Twilio SendGrid for email delivery, Twilio Verify for user authentication, Twilio Flex for cloud contact centers, and Twilio Segment for collecting and using customer data.

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