Khozema Shipchandler, the Chief Executive Officer of Twilio Inc. (NYSE:TWLO), recently sold shares in the company, according to a recent SEC filing. The transactions, executed under a pre-established 10b5-1 trading plan, involved the sale of 10,834 shares of Twilio's Class A common stock, amounting to a total value of approximately $1.23 million. The sale comes as Twilio's stock trades near its 52-week high, having delivered impressive returns of over 90% in the past six months. According to InvestingPro, the company maintains a "GOOD" overall financial health score.
The sales occurred on January 6, 2025, with the shares sold at prices ranging from $112.59 to $114.3350 per share. With Twilio's next earnings report scheduled for February 12, 2025, investors tracking insider transactions can access comprehensive analysis through InvestingPro's detailed research reports, available for over 1,400 US stocks. Following these transactions, Shipchandler retains ownership of 244,971 shares in the company. Some of these shares represent Restricted Stock Units (RSUs), which are contingent rights to receive shares of Twilio's Class A common stock.
In other recent news, Twilio has announced several significant developments. The company's Chief Legal Officer, Dana Wagner, has decided to resign, although he will continue his role until January 1, 2025, to assist with the transition. Twilio also reported a 10% year-over-year increase in Q3 2024 revenue, reaching $1.13 billion, with non-GAAP income from operations rising to a record $182 million.
In addition to these financial highlights, Twilio has released the public beta of Linked Audiences for Amazon (NASDAQ:AMZN) Redshift, a feature that has contributed to a 35% year-over-year increase in Twilio Segment's growth in the AWS Marketplace. This is part of Twilio's ongoing efforts to integrate artificial intelligence and machine learning across its platform, enhancing its product offerings.
Analysts from Baird, Tigress Financial Partners, and Monness, Crespi, Hardt have updated their assessments of Twilio. Baird raised its price target for Twilio shares to $115, maintaining a Neutral rating. Both Tigress Financial Partners and Monness, Crespi, Hardt upgraded Twilio's stock to Buy, setting a new price target of $135.
Lastly, 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. These are some of the recent developments at Twilio.
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