Carmignac Gestion Decreases Position in Twilio Inc. $TWLO

Carmignac Gestion trimmed its stake in Twilio Inc. (NYSE:TWLO) by 60.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the technology company’s stock after selling 30,000 shares during the period. Carmignac Gestion’s holdings in Twilio were worth $2,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock worth $1,086,000 after buying an additional 623 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Twilio during the second quarter valued at $251,000. Daiwa Securities Group Inc. raised its stake in shares of Twilio by 70.6% in the second quarter. Daiwa Securities Group Inc. now owns 24,653 shares of the technology company’s stock valued at $3,066,000 after acquiring an additional 10,200 shares during the period. NewEdge Advisors LLC raised its stake in shares of Twilio by 46.9% in the second quarter. NewEdge Advisors LLC now owns 5,770 shares of the technology company’s stock valued at $718,000 after acquiring an additional 1,841 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Twilio by 55.1% in the 2nd quarter. Sei Investments Co. now owns 90,128 shares of the technology company’s stock worth $11,208,000 after acquiring an additional 32,027 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 0.1%

NYSE TWLO opened at $197.48 on Monday. The stock has a market cap of $29.97 billion, a PE ratio of 308.57, a PEG ratio of 3.93 and a beta of 1.37. Twilio Inc. has a 12 month low of $91.84 and a 12 month high of $238.48. The company’s 50-day moving average price is $202.11 and its 200-day moving average price is $159.07. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.13.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. Twilio had a net margin of 1.96% and a return on equity of 4.64%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. Equities research analysts forecast that Twilio Inc. will post 2.79 earnings per share for the current year.

Analysts Set New Price Targets

TWLO has been the topic of several analyst reports. Tigress Financial upped their price target on shares of Twilio from $170.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, June 11th. KeyCorp boosted their target price on Twilio from $156.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citizens Jmp upped their target price on Twilio from $210.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday, July 20th. Needham & Company LLC upped their target price on Twilio from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 price target on shares of Twilio in a report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given 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 company has a consensus rating of “Buy” and an average target price of $220.59.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 44,158 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 235,542 shares of the company’s stock, valued at approximately $55,559,646.96. This trade represents a 15.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erika Rottenberg sold 2,000 shares of Twilio stock in a transaction that occurred on 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,802,480 shares of company stock valued at $341,620,487 over the last 90 days. 0.21% of the stock is currently owned by insiders.

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.