Twilio Inc (TWLO) Receives Buy Rating from Oppenheimer Holdings, Inc.
TWLO has been the topic of a number of other research reports. Pacific Crest increased their price objective on shares of Twilio from $36.00 to $40.00 and gave the stock an overweight rating in a report on Wednesday, February 8th. Drexel Hamilton began coverage on shares of Twilio in a report on Monday, December 19th. They issued a buy rating and a $45.00 price objective on the stock. William Blair reaffirmed an outperform rating on shares of Twilio in a report on Monday, January 23rd. Argus reiterated a hold rating on shares of Twilio in a research report on Friday, November 4th. Finally, Zacks Investment Research lowered shares of Twilio from a hold rating to a sell rating in a research report on Saturday, February 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $40.54.
Shares of Twilio (NASDAQ:TWLO) traded down 0.75% during trading on Tuesday, reaching $33.17. 5,113,029 shares of the company’s stock were exchanged. The firm’s market capitalization is $2.86 billion. The company’s 50-day moving average price is $29.57 and its 200 day moving average price is $41.19. 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 stock in a transaction dated 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 transaction, the director now owns 22,058 shares in the company, valued at approximately $709,605.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Institutional investors have recently made changes to their positions in the stock. Telemark Asset Management LLC bought a new position in shares of Twilio during the second quarter worth about $183,000. Coatue Management LLC acquired a new position in Twilio during the second quarter valued at $22,813,000. Jabre Capital Partners S.A. acquired a new position in Twilio during the second quarter valued at $995,000. Whale Rock Capital Management LLC acquired a new position in Twilio during the second quarter valued at $3,650,000. Finally, First Foundation Advisors acquired a new position in Twilio during the second quarter valued at $383,000.
Twilio Inc provides a cloud communications platform that enables developers to build, scale and operate communications within software applications through the cloud primarily as a pay-as-you-go service. The Company’s product offerings are categorized as Programmable Voice, Programmable Messaging and Programmable Video.
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