Twilio Inc (TWLO) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Twilio Inc (NASDAQ:TWLO) from a sell rating to a hold rating in a report published on Saturday morning.

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 research analysts have also recently weighed in on the company. Oppenheimer Holdings Inc. reiterated a buy rating on shares of Twilio in a research report on Tuesday, February 14th. William Blair reiterated an outperform rating on shares of Twilio in a research report on Friday, March 17th. Northland Securities upgraded Twilio from a market perform rating to an outperform rating in a research report on Monday, March 6th. Drexel Hamilton started coverage on Twilio in a research report on Monday, December 19th. They set a buy rating and a $45.00 price target for the company. Finally, JMP Securities upgraded Twilio from a market perform rating to an outperform rating and set a $35.00 price target for the company in a research report on Wednesday, February 1st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Twilio currently has an average rating of Buy and a consensus target price of $40.15.

Shares of Twilio (NASDAQ:TWLO) traded down 2.56% during midday trading on Friday, hitting $30.82. 1,335,252 shares of the stock were exchanged. The firm’s 50 day moving average price is $29.91 and its 200-day moving average price is $33.45. The stock’s market cap 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, CFO Lee Kirkpatrick sold 12,757 shares of Twilio stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $30.96, for a total transaction of $394,956.72. Following the transaction, the chief financial officer now owns 17,292 shares in the company, valued at $535,360.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Scott Campbell Raney sold 22,058 shares of Twilio stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $32.17, for a total value of $709,605.86. Following the transaction, the director now owns 22,058 shares in the company, valued at approximately $709,605.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,427 shares of company stock worth $1,743,096.

A number of large investors have recently bought and sold shares of TWLO. FMR LLC increased its stake in Twilio by 290.5% in the fourth quarter. FMR LLC now owns 5,067,582 shares of the technology company’s stock worth $146,200,000 after buying an additional 3,770,015 shares in the last quarter. Union Square GP 2008 L.L.C. acquired a new stake in Twilio during the fourth quarter worth approximately $45,861,000. Telemark Asset Management LLC increased its stake in Twilio by 900.0% in the fourth quarter. Telemark Asset Management LLC now owns 400,000 shares of the technology company’s stock worth $11,540,000 after buying an additional 360,000 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in Twilio during the third quarter worth approximately $18,927,000. Finally, UBS Group AG increased its stake in Twilio by 8,341.9% in the third quarter. UBS Group AG now owns 204,716 shares of the technology company’s stock worth $13,175,000 after buying an additional 202,291 shares in the last quarter.

About Twilio

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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