Artemis Investment Management LLP Buys 217,952 Shares of Twilio Inc. $TWLO

Artemis Investment Management LLP boosted its stake in shares of Twilio Inc. (NYSE:TWLO) by 58.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 588,018 shares of the technology company’s stock after acquiring an additional 217,952 shares during the quarter. Twilio makes up 1.3% of Artemis Investment Management LLP’s investment portfolio, making the stock its 15th biggest position. Artemis Investment Management LLP’s holdings in Twilio were worth $171,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Continuum Advisory LLC acquired a new position in Twilio in the 2nd quarter valued at about $33,000. SHP Wealth Management acquired a new stake in shares of Twilio during the fourth quarter worth about $26,000. Osbon Capital Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth about $30,000. Hilltop National Bank purchased a new position in shares of Twilio in the second quarter valued at approximately $50,000. Finally, Reflection Asset Management purchased a new position in shares of Twilio in the fourth quarter valued at approximately $37,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 9,084 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the sale, the chief financial officer owned 99,246 shares in the company, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction dated Monday, October 5th. The shares were 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 directly owned 178,863 shares in the company, valued at approximately $52,054,498.89. The trade was a 7.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 538,818 shares of company stock valued at $134,833,645. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent research reports. Tigress Financial upped their price objective on Twilio from $170.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wolfe Research raised Twilio to a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company upped their price target on Twilio from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Rosenblatt Securities increased their price target on Twilio from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Finally, Zacks Research cut Twilio from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $250.39.

Twilio Stock Performance

TWLO traded up $3.73 during trading on Thursday, hitting $276.73. 619,845 shares of the stock were exchanged, compared to its average volume of 2,646,420. The firm has a market capitalization of $42.50 billion, a P/E ratio of 38.58, a PEG ratio of 5.75 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 stock has a fifty day moving average price of $243.45 and a two-hundred day moving average price of $201.32. 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) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.15. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. As a group, sell-side analysts predict that Twilio Inc. will post 3.12 earnings per share for the current year.

About Twilio

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.