According to Zacks, “Twilio Inc. provides Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities. The Super Network is the software layer which allows its customers’ software to communicate with connected devices globally. Twilio Inc. is based in SAN FRANCISCO, United States. “
Several other brokerages have also recently commented on TWLO. William Blair reiterated an outperform rating on shares of Twilio in a research report on Friday, March 17th. JMP Securities upped their target price on shares of Twilio from $35.00 to $37.00 and gave the company an outperform rating in a research report on Wednesday, February 8th. Drexel Hamilton upped their target price on shares of Twilio to $50.00 in a research report on Wednesday, February 8th. Summit Redstone started coverage on shares of Twilio in a research report on Thursday, January 12th. They set a buy rating and a $36.00 target price for the company. Finally, Pacific Crest upgraded shares of 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. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $40.15.
Twilio (NASDAQ:TWLO) traded down 2.09% during mid-day trading on Friday, reaching $30.97. The company had a trading volume of 1,066,123 shares. Twilio has a 52-week low of $23.66 and a 52-week high of $70.96. The company’s 50 day moving average is $29.91 and its 200 day moving average is $33.45. The stock’s market capitalization is $2.71 billion.
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In other news, CFO Lee Kirkpatrick sold 12,757 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $30.96, for a total value of $394,956.72. Following the sale, the chief financial officer now directly owns 17,292 shares of the company’s stock, valued at approximately $535,360.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Scott Campbell Raney sold 22,058 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $32.17, for a total transaction of $709,605.86. Following the completion of the sale, the director now directly owns 22,058 shares in the company, valued at $709,605.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,427 shares of company stock worth $1,743,096.
Several large investors have recently modified their holdings of TWLO. Sanders Morris Harris Inc. boosted its stake in shares of Twilio by 15.4% in the first quarter. Sanders Morris Harris Inc. now owns 75,000 shares of the technology company’s stock worth $2,165,000 after buying an additional 10,000 shares during the last quarter. Washington Trust Bank boosted its stake in shares of 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 last quarter. Creative Planning boosted its stake in shares of Twilio by 342.2% in the first quarter. Creative Planning now owns 24,575 shares of the technology company’s stock worth $709,000 after buying an additional 19,017 shares during the last quarter. Nepsis Capital Management Inc. purchased a new stake in shares of Twilio during the first quarter worth about $5,494,000. Finally, Teachers Advisors LLC boosted its stake in shares of Twilio by 116.6% in the fourth quarter. Teachers Advisors LLC now owns 19,328 shares of the technology company’s stock worth $558,000 after buying an additional 10,403 shares during the last quarter.
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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