Twilio Inc. $TWLO Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 481,264 shares of the technology company’s stock after selling 4,759 shares during the quarter. Glenmede Trust Co. NA owned about 0.32% of Twilio worth $60,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings in shares of Twilio by 6.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,459 shares of the technology company’s stock valued at $208,000 after acquiring an additional 86 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Twilio by 27.7% during the first quarter. SJS Investment Consulting Inc. now owns 429 shares of the technology company’s stock worth $54,000 after purchasing an additional 93 shares in the last quarter. NewEdge Advisors LLC lifted its position in Twilio by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 5,911 shares of the technology company’s stock worth $841,000 after purchasing an additional 99 shares during the period. Invst LLC lifted its position in Twilio by 1.6% in the fourth quarter. Invst LLC now owns 6,887 shares of the technology company’s stock worth $980,000 after purchasing an additional 107 shares during the period. Finally, Krane Funds Advisors LLC lifted its position in Twilio by 0.9% in the fourth quarter. Krane Funds Advisors LLC now owns 12,407 shares of the technology company’s stock worth $1,765,000 after purchasing an additional 114 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TWLO shares. Zacks Research upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Stifel Nicolaus raised Twilio from a “hold” rating to a “buy” rating and raised their target price for the company from $175.00 to $260.00 in a research note on Thursday, July 9th. Needham & Company LLC lifted their target price on Twilio from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, May 11th. KeyCorp boosted their price target on shares of Twilio from $156.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Citigroup reissued an “outperform” rating on shares of Twilio in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $220.59.

Twilio Price Performance

Shares of NYSE:TWLO opened at $197.48 on Friday. Twilio Inc. has a one year low of $91.84 and a one year high of $238.48. The stock has a fifty day moving average of $202.11 and a 200-day moving average of $158.88. The company has a market capitalization of $29.97 billion, a PE ratio of 308.57, a price-to-earnings-growth ratio of 3.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.66 and a current ratio of 4.66.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, April 30th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. Twilio had a return on equity of 4.64% and a net margin of 1.96%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Twilio’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities analysts anticipate that Twilio Inc. will post 2.79 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 44,158 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $235.88, for a total transaction of $10,415,989.04. Following the completion of the sale, the chief executive officer directly owned 235,542 shares of the company’s stock, valued at approximately $55,559,646.96. This represents a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erika Rottenberg sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $199.01, for a total transaction of $398,020.00. Following the sale, the director directly owned 30,995 shares of the company’s stock, valued at $6,168,314.95. This represents a 6.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,803,980 shares of company stock worth $341,898,467. Company insiders own 0.21% of the company’s stock.

About Twilio

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.