VIRGINIA RETIREMENT SYSTEMS ET Al Invests $37.61 Million in Twilio Inc. $TWLO

Key Points

• The Virginia Retirement Systems purchased a new position in Twilio Inc., acquiring approximately 302,400 shares valued at around $37.61 million.
• Insider selling was reported, with CFO Aidan Viggiano and CEO Khozema Shipchandler both decreasing their share holdings by around 5.73% and 5.54%, respectively.
• Analyst opinions are generally positive, with multiple upgrades and target price increases, including Piper Sandler raising the target price from $140.00 to $144.00.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 302,400 shares of the technology company's stock, valued at approximately $37,606,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.20% of Twilio as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GFG Capital LLC purchased a new stake in Twilio during the second quarter valued at $25,000. Hilltop National Bank purchased a new stake in Twilio during the second quarter valued at $26,000. LRI Investments LLC purchased a new stake in Twilio during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. purchased a new stake in Twilio during the first quarter valued at $28,000. Finally, TCTC Holdings LLC raised its stake in Twilio by 118.1% during the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Activity

In other news, CFO Aidan Viggiano sold 8,363 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $100.59, for a total value of $841,234.17. Following the sale, the chief financial officer directly owned 137,653 shares in the company, valued at approximately $13,846,515.27. This trade represents a 5.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 13,681 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $100.59, for a total transaction of $1,376,171.79. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,808 shares of company stock worth $4,677,916. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TWLO has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Twilio from $140.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wells Fargo & Company initiated coverage on shares of Twilio in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $130.00 target price on the stock. Wall Street Zen raised shares of Twilio from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Rosenblatt Securities reissued a "buy" rating and issued a $140.00 target price on shares of Twilio in a research note on Friday, September 26th. Finally, UBS Group reduced their target price on shares of Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $130.22.

Twilio Stock Up 0.4%

Shares of Twilio stock opened at $106.67 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.90 and a quick ratio of 4.90. Twilio Inc. has a 1 year low of $69.40 and a 1 year high of $151.95. The firm's 50-day moving average is $104.78 and its two-hundred day moving average is $109.15. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 888.98, a PEG ratio of 3.30 and a beta of 1.25.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the business earned $0.87 EPS. The firm's quarterly revenue was up 13.5% on a year-over-year basis. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. As a group, research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Twilio Company Profile

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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