Twilio Inc (NASDAQ:TWLO)‘s stock had its “outperform” rating restated by equities researchers at William Blair in a research note issued to investors on Friday.
Several other analysts have also recently commented on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Twilio in a report on Tuesday, February 14th. Canaccord Genuity upgraded shares of Twilio from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, January 10th. Zacks Investment Research upgraded shares of Twilio from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Drexel Hamilton started coverage on shares of Twilio in a report on Monday, December 19th. They set a “buy” rating and a $45.00 price target for the company. Finally, JMP Securities upgraded shares of Twilio from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $40.54.
Twilio (NASDAQ:TWLO) opened at 31.20 on Friday. The stock has a 50 day moving average of $31.51 and a 200 day moving average of $38.44. Twilio has a 52 week low of $23.66 and a 52 week high of $70.96. The stock’s market capitalization is $2.73 billion.
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In other Twilio news, Director Scott Campbell Raney sold 22,058 shares of Twilio stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $32.17, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 12,757 shares of Twilio stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $30.96, for a total transaction of $394,956.72. Following the completion of the sale, the chief financial officer now owns 17,292 shares of the company’s stock, valued at $535,360.32. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of TWLO. WFG Advisors LP boosted its stake in Twilio by 5,948.8% in the fourth quarter. WFG Advisors LP now owns 15,122 shares of the company’s stock worth $308,000 after buying an additional 14,872 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 company’s stock worth $362,000 after buying an additional 2,990 shares during the period. Seven Eight Capital LP acquired a new stake in Twilio during the fourth quarter worth about $859,000. GLG Partners LP acquired a new stake in Twilio during the fourth quarter worth about $1,532,000. Finally, First Republic Investment Management Inc. acquired a new stake in Twilio during the fourth quarter worth about $2,913,000.
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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