JPMorgan Chase & Co. upgraded shares of Twilio Inc (NASDAQ:TWLO) from a neutral rating to an overweight rating in a research report sent to investors on Friday. They currently have $36.00 price target on the technology company’s stock, up from their previous price target of $26.93.
Other equities analysts have also issued research reports about the company. Pacific Crest raised Twilio from a sector weight rating to an overweight rating and set a $36.00 target price for the company in a research report on Thursday, January 5th. Zacks Investment Research raised Twilio from a sell rating to a hold rating in a research report on Tuesday, March 14th. Northland Securities raised Twilio from a market perform rating to an outperform rating in a research report on Monday, March 6th. Mitsubishi UFJ Financial Group reissued a neutral rating and issued a $32.50 target price (up previously from $30.00) on shares of Twilio in a research report on Thursday, February 9th. Finally, William Blair reissued an outperform rating on shares of Twilio in a research report on Monday, April 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $40.15.
Twilio (NASDAQ:TWLO) traded down 2.47% on Friday, hitting $30.85. 946,960 shares of the company were exchanged. The stock has a 50 day moving average of $29.91 and a 200 day moving average of $33.45. The company’s market capitalization is $2.70 billion. Twilio has a 52 week low of $23.66 and a 52 week high of $70.96.
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In related news, Director Scott Campbell Raney sold 22,058 shares of the firm’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $32.17, for a total transaction of $709,605.86. Following the sale, the director now owns 22,058 shares of the company’s stock, valued at $709,605.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Karyn Smith sold 5,213 shares of the firm’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $31.20, for a total value of $162,645.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,427 shares of company stock worth $1,743,096.
Large investors have recently added to or reduced their stakes in the stock. Marcus Capital LLC boosted its stake in Twilio by 5.1% in the third quarter. Marcus Capital LLC now owns 32,850 shares of the technology company’s stock worth $2,114,000 after buying an additional 1,600 shares during the period. Washington Trust Bank boosted its stake in Twilio by 57.1% in the first quarter. Washington Trust Bank now owns 6,327 shares of the technology company’s stock worth $183,000 after buying an additional 2,300 shares during the period. Guggenheim Capital LLC boosted its stake in Twilio by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 12,560 shares of the technology company’s stock worth $362,000 after buying an additional 2,990 shares during the period. Nwam LLC acquired a new stake in Twilio during the third quarter worth approximately $203,000. Finally, SG Americas Securities LLC acquired a new stake in Twilio during the third quarter worth approximately $230,000.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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