Connor Clark & Lunn Investment Management Ltd. Sells 18,309 Shares of Twilio Inc. $TWLO

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,838 shares of the technology company’s stock after selling 18,309 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Twilio were worth $8,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWLO. LRI Investments LLC acquired a new stake in shares of Twilio during the first quarter worth $25,000. GFG Capital LLC bought a new stake in Twilio during the second quarter valued at $25,000. Hilltop National Bank acquired a new stake in Twilio during the 2nd quarter worth about $26,000. TCTC Holdings LLC raised its position in shares of Twilio by 118.1% in the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company’s stock worth $33,000 after acquiring an additional 183 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Twilio in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 8,035 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $115.00, for a total value of $924,025.00. Following the completion of the sale, the chief financial officer owned 129,618 shares in the company, valued at $14,906,070. This represents a 5.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,922 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $104.09, for a total transaction of $1,345,050.98. Following the transaction, the chief executive officer directly owned 220,383 shares in the company, valued at $22,939,666.47. The trade was a 5.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,808 shares of company stock valued at $4,677,916. Company insiders own 0.21% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $128.31 on Thursday. The firm has a market capitalization of $19.69 billion, a P/E ratio of 312.94, a P/E/G ratio of 3.50 and a beta of 1.33. Twilio Inc. has a 52 week low of $77.51 and a 52 week high of $151.95. The stock has a 50 day moving average price of $111.42 and a two-hundred day moving average price of $113.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.68 and a current ratio of 4.68.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, October 30th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.18. Twilio had a return on equity of 3.36% and a net margin of 1.37%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Twilio’s quarterly revenue was up 14.7% on a year-over-year basis. Twilio has set its Q4 2025 guidance at 1.170-1.22 EPS. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TWLO shares. Stifel Nicolaus lifted their target price on Twilio from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, October 31st. Needham & Company LLC lifted their price objective on shares of Twilio from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Twilio from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wells Fargo & Company lifted their price target on shares of Twilio from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Wall Street Zen cut shares of Twilio from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.26.

Twilio 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.