Khozema Shipchandler, the Chief Executive Officer of Twilio Inc. (NYSE:TWLO), sold 11,285 shares of the company's Class A common stock on December 31, 2024. The transaction comes as Twilio's stock trades near its 52-week high of $116.43, having delivered an impressive 93% return over the past six months. According to InvestingPro data, the company maintains strong financial health with active share buybacks by management. The shares were sold at an average price of $107.21, resulting in a total transaction value of approximately $1.2 million. Following the sale, Shipchandler holds 255,805 shares directly. This transaction was conducted to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units, as per the company's equity incentive plans. For deeper insights into Twilio's valuation and 13 additional key ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Twilio has seen significant developments. The company's Chief Legal Officer, Dana Wagner, has announced his resignation, effective from January 1, 2025. Twilio's Q3 2024 revenue increased by 10% year-over-year, reaching $1.13 billion, with a record non-GAAP income from operations of $182 million.
Twilio also launched the public beta release of Linked Audiences for Amazon (NASDAQ:AMZN) Redshift, a feature that enhances customer engagement. This development has contributed to a 35% year-over-year increase in Twilio Segment's growth in the AWS Marketplace.
Several analyst firms have updated their assessments of Twilio. Baird has raised its price target for Twilio shares to $115, while both Tigress Financial Partners and Monness, Crespi, Hardt upgraded Twilio's stock to Buy, setting a new price target of $135.
Twilio projects a revenue growth of 7% to 8% for Q4 and fiscal 2025 and expects significant non-GAAP operating margin expansion in 2025. The company has completed over $2.7 billion in aggregate repurchases as part of its $3 billion share repurchase authorization.
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