SAN FRANCISCO—Twilio Inc. (NYSE:TWLO) Chief Legal Officer and Secretary Dana Wagner has reported the sale of shares totaling $193,535, according to a recent SEC filing. The transactions, which took place on November 15, involved the sale of 2,010 shares of Twilio's Class A common stock. The shares were sold at prices ranging from $96.2857 to $97.14 per share.
These sales were executed to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs), as mandated by Twilio's equity incentive plans. Following these transactions, Wagner holds 131,257 shares of Twilio's Class A common stock.
In other recent news, Twilio Inc. experienced a 10% rise in revenue to $1.134 billion in Q3 2024, with non-GAAP income from operations reaching a record $182 million. The Communications segment, bolstered by messaging and email services, contributed significantly, generating $1.060 billion. Meanwhile, Monness, Crespi, Hardt upgraded Twilio's shares from Neutral to Buy, setting a price target of $135.00, indicating confidence in the company's recovery trajectory.
The company has also repurchased over $2.7 billion in shares as part of its $3 billion share repurchase program. Twilio's focus on integrating artificial intelligence and machine learning, including the use of OpenAI's API, aims to enhance customer personalization and operational efficiency. However, the company's Segment business reported a non-GAAP loss of $60 million in Q3, and is working towards breakeven by Q2 of 2025.
Looking ahead, Twilio projects revenue growth of 7% to 8% for Q4 and fiscal 2025. These are among the recent developments for Twilio, which continues its path of recovery under the leadership of CEO Khozema Shipchandler.
InvestingPro Insights
Twilio's recent stock performance and financial position offer additional context to the reported insider transaction. According to InvestingPro data, Twilio's stock has shown strong momentum, with a 55.8% price return over the past three months and a 52.77% return over the last year. The company's shares are currently trading at 95.4% of their 52-week high, indicating significant recent appreciation.
An InvestingPro Tip highlights that management has been aggressively buying back shares, which could be seen as a vote of confidence in the company's future prospects. This buyback activity aligns with the company's strong cash position, as another InvestingPro Tip notes that Twilio holds more cash than debt on its balance sheet.
Despite these positive indicators, it's worth noting that Twilio is not currently profitable, with a negative operating income of $104.11 million over the last twelve months. However, analysts are optimistic about the company's future, with 24 analysts revising their earnings upwards for the upcoming period.
For investors seeking a more comprehensive analysis, InvestingPro offers 14 additional tips for Twilio, providing a deeper understanding of the company's financial health and market position.
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