22,311 Twilio Inc. $TWLO Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,425 shares of the technology company’s stock after purchasing an additional 22,311 shares during the quarter. Congress Asset Management Co.’s holdings in Twilio were worth $46,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. SHP Wealth Management acquired a new stake in Twilio in the 4th quarter valued at $26,000. Osbon Capital Management LLC acquired a new position in Twilio during the fourth quarter worth $30,000. Ascentis Independent Advisors bought a new position in shares of Twilio during the first quarter valued at $33,000. Continuum Advisory LLC bought a new position in shares of Twilio during the second quarter valued at $33,000. Finally, Reflection Asset Management acquired a new stake in shares of Twilio in the 4th quarter valued at $37,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Aidan Viggiano sold 9,084 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the transaction, the chief financial officer directly owned 99,246 shares in the company, valued at $29,242,833.90. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 13,898 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $294.08, for a total value of $4,087,123.84. Following the completion of the transaction, the chief executive officer directly owned 193,305 shares in the company, valued at $56,847,134.40. The trade was a 6.71% 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 a total of 524,376 shares of company stock valued at $130,630,590 in the last 90 days. 0.21% of the stock is owned by company insiders.

Twilio Trading Down 7.3%

Shares of TWLO traded down $21.88 during trading hours on Tuesday, hitting $279.03. 4,047,255 shares of the stock traded hands, compared to its average volume of 2,653,223. The business has a fifty day moving average of $241.75 and a 200-day moving average of $200.30. The firm has a market capitalization of $42.85 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 6.04 and a beta of 1.35. Twilio Inc. has a 1-year low of $104.50 and a 1-year high of $308.40. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.43 billion. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The company’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. Analysts expect that Twilio Inc. will post 3.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $275.00 target price on shares of Twilio in a research report on Thursday, August 27th. BTIG Research restated a “buy” rating and issued a $285.00 price target on shares of Twilio in a research report on Friday, September 11th. KGI Securities initiated coverage on shares of Twilio in a research note on Thursday, July 2nd. They set an “outperform” rating and a $250.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Twilio in a report on Friday, August 7th. Finally, UBS Group lifted their price target on Twilio from $200.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $250.39.

Twilio Company Profile

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.