Sat Oct 05 04:03:21 UTC 2024: ## Farmers Trust Co. Increases Twilio Holdings Amid Insider Stock Sales

**New York, NY** – Farmers Trust Co. significantly increased its stake in cloud communications platform provider Twilio Inc. (NYSE: TWLO) during the third quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The fund acquired an additional 21,001 shares, boosting its total holdings to 57,143 shares, valued at $3,727,000.

This move comes amidst a trend of institutional investors adjusting their positions in Twilio. Other notable changes include Vanguard Group Inc. increasing its stake by 0.8% in the first quarter, Susquehanna Fundamental Investments LLC lifting its position by 78.2% in the second quarter, and Greenwood Capital Associates LLC and V Square Quantitative Management LLC purchasing new positions in the fourth quarter.

However, the news of increased institutional investment in Twilio coincides with a series of insider stock sales. CFO Aidan Viggiano sold 1,961 shares in August, while CEO Khozema Shipchandler sold 11,073 shares in September.

Despite these sales, analysts remain optimistic about Twilio’s performance. The company exceeded analysts’ expectations in its latest earnings report, reporting $0.87 earnings per share (EPS) for the quarter, exceeding the consensus estimate of $0.70 by $0.17. Revenue for the quarter reached $1.08 billion, surpassing the consensus estimate of $1.06 billion.

Twilio currently trades at $66.28 per share with a market cap of $11.35 billion. While the company’s P/E ratio is negative, analysts predict Twilio will post 0.54 earnings per share for the current fiscal year.

**This news article was generated based on the provided text and does not constitute financial advice. Investors should conduct their own research before making investment decisions.**

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