Revere Asset Management Inc Invests $8.94 Million in Twilio Inc. $TWLO

Revere Asset Management Inc acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the second quarter, HoldingsChannel reports. The fund acquired 43,317 shares of the technology company’s stock, valued at approximately $8,938,000. Twilio makes up approximately 3.4% of Revere Asset Management Inc’s holdings, making the stock its 4th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. SHP Wealth Management purchased a new position in Twilio during the fourth quarter valued at $26,000. Osbon Capital Management LLC bought a new position in shares of Twilio during the 4th quarter valued at about $30,000. Ascentis Independent Advisors bought a new position in shares of Twilio during the 1st quarter valued at about $33,000. Continuum Advisory LLC purchased a new position in shares of Twilio during the second quarter valued at about $33,000. Finally, Reflection Asset Management purchased a new position in shares of Twilio during the fourth quarter valued at about $37,000. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TWLO. Wells Fargo & Company boosted their target price on Twilio from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Twilio from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Citigroup reaffirmed a “market outperform” rating on shares of Twilio in a research note on Thursday, August 27th. TD Cowen increased their target price on Twilio from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, KeyCorp raised their target price on shares of Twilio from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and an average price target of $249.68.

Insider Activity

In related news, CEO Khozema Shipchandler sold 14,458 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $210.43, for a total transaction of $3,042,396.94. Following the sale, the chief executive officer owned 207,203 shares in the company, valued at approximately $43,601,727.29. This represents a 6.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aidan Viggiano sold 9,093 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $201.25, for a total value of $1,829,966.25. Following the completion of the sale, the chief financial officer owned 118,252 shares of the company’s stock, valued at approximately $23,798,215. This represents a 7.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 547,354 shares of company stock valued at $133,284,825. 0.21% of the stock is currently owned by insiders.

Twilio Price Performance

Shares of NYSE TWLO traded up $4.33 during mid-day trading on Monday, hitting $231.68. 1,352,573 shares of the company’s stock traded hands, compared to its average volume of 2,416,021. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.62 and a quick ratio of 4.62. Twilio Inc. has a 1 year low of $98.44 and a 1 year high of $258.35. The company’s 50-day moving average is $218.13 and its two-hundred day moving average is $182.28. The company has a market capitalization of $35.58 billion, a P/E ratio of 32.27, a PEG ratio of 4.72 and a beta of 1.40.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.32 by $0.15. Twilio had a return on equity of 5.09% and a net margin of 20.61%.The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.19 earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. On average, equities analysts anticipate that Twilio Inc. will post 3.08 EPS for the current fiscal year.

Twilio Company Profile

Twilio Inc is a cloud communications and customer engagement technology company that provides application programming interfaces (APIs) and software tools for businesses. Its platform enables organizations to integrate communications capabilities such as voice calls, text messaging, email, video, authentication and customer support into websites, mobile applications and other digital products.

Twilio’s offerings include programmable communications services, customer data and analytics tools through Segment, and contact center software through Twilio Flex.