SAN FRANCISCO—Dana Wagner, Chief Legal Officer and Secretary of Twilio Inc. (NYSE:TWLO), recently sold 4,512 shares of the company's Class A common stock. The shares were sold at a weighted average price of $90.0215 per share, totaling approximately $406,177. This transaction was executed under Wagner's 10b5-1 trading plan, established on May 21, 2024.
Following this sale, Wagner retains ownership of 137,779 shares, some of which include Restricted Stock Units (RSUs) that represent a contingent right to receive Twilio's Class A common stock. The shares were sold in multiple transactions with prices ranging from $90.00 to $90.145 per share.
In other recent news, cloud communications platform Twilio Inc. unveiled a 10% year-over-year revenue growth in Q3 2024, reaching $1.134 billion. The company's non-GAAP income from operations rose to a record $182 million, with the Communications segment contributing significantly by generating $1.060 billion. Twilio's focus on integrating artificial intelligence and machine learning, including the use of OpenAI's API, was highlighted in the earnings call.
In terms of future outlook, Twilio projects revenue growth of 7% to 8% for Q4 and fiscal 2025. The company also anticipates significant non-GAAP operating margin expansion in 2025. As part of its capital return program, Twilio has repurchased over $2.7 billion in shares.
However, the company's Segment business is yet to reach breakeven, reporting a non-GAAP loss of $60 million in Q3. Despite these recent developments, Twilio remains committed to its growth strategy and operational efficiency initiatives.
InvestingPro Insights
As Dana Wagner's recent stock sale unfolds, Twilio's financial landscape offers intriguing insights. According to InvestingPro data, Twilio boasts a market capitalization of $14.18 billion, reflecting its significant presence in the cloud communications sector. The company's revenue for the last twelve months as of Q3 2023 stood at $4.34 billion, with a notable revenue growth of 9.67% in Q3 2023 compared to the previous quarter.
InvestingPro Tips highlight that Twilio's management has been aggressively buying back shares, potentially signaling confidence in the company's future prospects. This aligns with the strong stock performance, as Twilio has seen a remarkable 65.58% price return over the past year. The stock is currently trading near its 52-week high, with a price that is 99.74% of its peak, suggesting robust investor sentiment.
While Twilio is not currently profitable over the last twelve months, analysts predict the company will turn profitable this year. This optimism is further supported by the fact that 20 analysts have revised their earnings upwards for the upcoming period, as noted in another InvestingPro Tip.
For investors seeking a more comprehensive analysis, InvestingPro offers 15 additional tips for Twilio, providing a deeper understanding of the company's financial health and market position. These insights can be particularly valuable in contextualizing executive stock transactions like Wagner's recent sale.
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