Twilio Inc. (NYSE:TWLO) has been assigned an average rating of “Buy” from the nineteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $37.04.
TWLO has been the subject of several research analyst reports. BidaskClub upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Robert W. Baird reiterated a “buy” rating and issued a $37.00 price target on shares of Twilio in a research report on Friday, November 10th. William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Tuesday, September 5th. Drexel Hamilton reiterated a “buy” rating and issued a $47.00 price target on shares of Twilio in a research report on Friday, September 22nd. Finally, JMP Securities reiterated an “outperform” rating and issued a $38.00 price target on shares of Twilio in a research report on Thursday, September 28th.
Shares of Twilio (TWLO) traded up $0.19 during trading on Thursday, hitting $25.33. 1,060,454 shares of the stock traded hands, compared to its average volume of 2,726,914. Twilio has a fifty-two week low of $22.80 and a fifty-two week high of $35.15.
In other Twilio news, CFO Lee Kirkpatrick sold 13,829 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $30.85, for a total transaction of $426,624.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Karyn Smith sold 5,381 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $31.48, for a total transaction of $169,393.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,347 shares of company stock valued at $1,416,011. 25.03% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in Twilio by 708.2% during the 2nd quarter. Teachers Advisors LLC now owns 177,249 shares of the technology company’s stock worth $5,160,000 after buying an additional 155,319 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Twilio by 53.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,287 shares of the technology company’s stock worth $678,000 after buying an additional 8,145 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Twilio during the 2nd quarter worth $1,592,000. Pier Capital LLC purchased a new position in Twilio during the 2nd quarter worth $5,829,000. Finally, Fox Run Management L.L.C. purchased a new position in Twilio during the 3rd quarter worth $436,000. Institutional investors own 60.12% of the company’s stock.
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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