Twilio (NYSE:TWLO) had its price objective boosted by analysts at Citigroup to $43.00 in a report issued on Tuesday, The Fly reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Citigroup’s price objective would suggest a potential upside of 8.67% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Drexel Hamilton reiterated a “buy” rating and issued a $47.00 price objective on shares of Twilio in a report on Thursday, December 28th. Canaccord Genuity reissued a “buy” rating and issued a $38.00 target price on shares of Twilio in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of Twilio from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Oppenheimer reissued a “buy” rating and issued a $38.00 target price on shares of Twilio in a research report on Tuesday, January 2nd. Finally, Bank of America began coverage on shares of Twilio in a research report on Thursday, March 1st. They issued a “buy” rating and a $45.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $37.66.
Twilio (TWLO) traded down $1.44 during trading hours on Tuesday, hitting $39.57. 3,174,373 shares of the company’s stock traded hands, compared to its average volume of 2,850,000. Twilio has a 12-month low of $22.80 and a 12-month high of $41.94. The firm has a market capitalization of $3,820.00 and a P/E ratio of -49.46.
In related news, Director Richard L. Dalzell sold 22,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $30.00, for a total transaction of $675,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lee Kirkpatrick sold 10,830 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $25.28, for a total transaction of $273,782.40. The disclosure for this sale can be found here. Insiders have sold 128,842 shares of company stock valued at $4,020,701 in the last ninety days. 25.03% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Salesforce Com Inc. bought a new stake in Twilio during the fourth quarter worth about $20,969,000. Allianz Asset Management GmbH lifted its position in Twilio by 37.2% during the third quarter. Allianz Asset Management GmbH now owns 1,367,745 shares of the technology company’s stock worth $40,827,000 after purchasing an additional 371,055 shares during the period. Hillman Co. lifted its position in Twilio by 0.7% during the fourth quarter. Hillman Co. now owns 954,242 shares of the technology company’s stock worth $22,520,000 after purchasing an additional 6,580 shares during the period. Fox Run Management L.L.C. lifted its position in Twilio by 255.0% during the fourth quarter. Fox Run Management L.L.C. now owns 51,827 shares of the technology company’s stock worth $1,223,000 after purchasing an additional 37,227 shares during the period. Finally, Columbus Circle Investors bought a new stake in Twilio during the third quarter worth about $316,000. 61.43% of the stock is owned by institutional investors and hedge funds.
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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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