Twilio (NYSE:TWLO) had its price objective upped by JPMorgan Chase & Co. from $40.00 to $42.00 in a research note issued to investors on Wednesday morning. The firm currently has an overweight rating on the technology company’s stock.

TWLO has been the topic of several other reports. Northland Securities set a $36.00 target price on shares of Twilio and gave the stock a buy rating in a research note on Monday, November 13th. Canaccord Genuity reiterated a buy rating and issued a $38.00 target price on shares of Twilio in a research note on Wednesday, December 6th. Drexel Hamilton reiterated a buy rating and issued a $47.00 target price on shares of Twilio in a research note on Monday, December 4th. Zacks Investment Research cut shares of Twilio from a hold rating to a sell rating in a research note on Tuesday, November 14th. Finally, KeyCorp reiterated a hold rating on shares of Twilio in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $36.75.

Twilio (TWLO) traded up $0.95 during midday trading on Wednesday, reaching $31.67. 1,478,340 shares of the company’s stock traded hands, compared to its average volume of 1,822,219. Twilio has a fifty-two week low of $22.80 and a fifty-two week high of $34.74. The stock has a market cap of $2,860.00 and a PE ratio of -45.27.

In related news, General Counsel Karyn Smith sold 5,213 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $25.83, for a total transaction of $134,651.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lee Kirkpatrick sold 7,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $25.89, for a total transaction of $181,230.00. The disclosure for this sale can be found here. Insiders sold a total of 33,222 shares of company stock worth $850,128 in the last three months. Insiders own 25.03% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TWLO. New York State Common Retirement Fund grew its holdings in shares of Twilio by 63.4% during the 2nd quarter. New York State Common Retirement Fund now owns 66,500 shares of the technology company’s stock valued at $1,936,000 after purchasing an additional 25,799 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Twilio by 64.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 11,700 shares of the technology company’s stock valued at $341,000 after purchasing an additional 4,600 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Twilio by 510.5% during the 2nd quarter. Northern Trust Corp now owns 688,930 shares of the technology company’s stock valued at $20,055,000 after purchasing an additional 576,080 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Twilio by 21.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after purchasing an additional 734,659 shares during the last quarter. Finally, Ark Investment Management LLC grew its holdings in shares of Twilio by 1,003.4% during the 2nd quarter. Ark Investment Management LLC now owns 210,256 shares of the technology company’s stock valued at $6,121,000 after purchasing an additional 191,201 shares during the last quarter. 59.99% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for Twilio (NYSE:TWLO)

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