Zacks Investment Research upgraded shares of Twilio Inc (NASDAQ:TWLO) from a sell rating to a hold rating in a research note issued to investors 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 equities analysts have also recently commented on the stock. Oppenheimer Holdings Inc. restated a buy rating on shares of Twilio in a research report on Tuesday, February 14th. William Blair restated an outperform rating on shares of Twilio in a research report on Friday, March 17th. Northland Securities upgraded shares of Twilio from a market perform rating to an outperform rating in a research report on Monday, March 6th. Drexel Hamilton started coverage on shares of Twilio in a research report on Monday, December 19th. They issued a buy rating and a $45.00 target price for the company. Finally, JMP Securities upgraded shares of Twilio from a market perform rating to an outperform rating and set a $35.00 target price for the company in a research report on Wednesday, February 1st. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $40.15.

Shares of Twilio (NASDAQ:TWLO) traded down 1.663% during mid-day trading on Friday, hitting $31.104. The stock had a trading volume of 758,258 shares. The company’s market cap is $2.72 billion. Twilio has a one year low of $23.66 and a one year high of $70.96. The firm’s 50 day moving average price is $29.92 and its 200-day moving average price is $33.45.

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In other news, General Counsel Karyn Smith sold 5,399 shares of the company’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $31.80, for a total value of $171,688.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Scott Campbell Raney sold 22,058 shares of the company’s stock in a transaction on 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. Insiders have sold a total of 55,427 shares of company stock worth $1,743,096 over the last three months.

Several large investors have recently bought and sold shares of TWLO. FMR LLC increased its position 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 during the last quarter. Union Square GP 2008 L.L.C. bought a new position in Twilio during the fourth quarter worth about $45,861,000. Telemark Asset Management LLC increased its position 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 during the last quarter. 1832 Asset Management L.P. bought a new position in Twilio during the third quarter worth about $18,927,000. Finally, UBS Group AG increased its position 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 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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