Twilio Inc. (NYSE:TWLO) had its price objective boosted by equities researchers at J P Morgan Chase & Co to $40.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has an “overweight” rating on the technology company’s stock. J P Morgan Chase & Co’s target price suggests a potential upside of 31.02% from the stock’s current price.

A number of other brokerages have also weighed in on TWLO. Summit Redstone decreased their target price on Twilio from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. Drexel Hamilton restated a “buy” rating and set a $44.00 price target on shares of Twilio in a research note on Thursday, May 25th. Mitsubishi UFJ Financial Group restated a “neutral” rating and set a $23.00 price target (down from $32.50) on shares of Twilio in a research note on Thursday, May 4th. Vetr downgraded Twilio from a “strong-buy” rating to a “buy” rating and set a $32.34 price target for the company. in a research note on Monday, June 26th. Finally, Zacks Investment Research upgraded Twilio from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $36.86.

Shares of Twilio (NYSE TWLO) opened at 30.53 on Tuesday. The stock has a 50 day moving average of $29.13 and a 200 day moving average of $29.02. Twilio has a one year low of $22.80 and a one year high of $70.96. The stock’s market cap is $2.76 billion.

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In related news, CEO Jeff Lawson purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of $23.43 per share, for a total transaction of $2,343,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $30.01, for a total value of $75,025.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,870 shares of company stock worth $1,296,550 in the last 90 days.

A number of hedge funds have recently added to or reduced their stakes in TWLO. State Board of Administration of Florida Retirement System bought a new stake in Twilio during the second quarter valued at $1,221,000. Marshall Wace North America L.P. acquired a new stake in Twilio during the second quarter worth $1,592,000. Blair William & Co. IL raised its stake in Twilio by 9.1% in the second quarter. Blair William & Co. IL now owns 97,214 shares of the technology company’s stock worth $2,830,000 after buying an additional 8,127 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new stake in Twilio during the second quarter worth $16,213,000. Finally, Aspiriant LLC acquired a new stake in Twilio during the second quarter worth $2,147,000. Institutional investors own 73.97% of the company’s stock.

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).

The Fly

Analyst Recommendations for Twilio (NYSE:TWLO)

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