SAN FRANCISCO—Aidan Viggiano, Chief Financial Officer of Twilio Inc. (NYSE:TWLO), recently executed stock sales totaling $743,962, according to a filing with the Securities and Exchange Commission. The transactions, which were carried out under Viggiano's 10b5-1 trading plan, took place on January 6, 2025. The sales come as Twilio, currently valued at nearly $17 billion, trades near its 52-week high of $116.43. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.
Viggiano sold a total of 6,552 shares of Twilio's Class A Common Stock. The sales were executed at prices ranging from $113.32 to $113.79 per share. Following these transactions, Viggiano retains ownership of 153,910 shares, which include Restricted Stock Units (RSUs) that represent a contingent right to receive shares of Twilio's Class A common stock.
The transactions were part of a pre-arranged trading plan established in March 2024, as noted in the filing.
In other recent news, cloud communications firm, Twilio, revealed a 10% year-over-year increase in Q3 2024 revenue, reaching $1.13 billion. The company's non-GAAP income from operations also rose to a record $182 million, largely due to Communications revenue contributing $1.06 billion. Twilio has been integrating AI and machine learning across its platform, leading to enhanced product offerings.
Another significant development was the resignation of Dana Wagner, the Chief Legal Officer and Corporate Secretary, who will continue in his role until January 1, 2025. Twilio has yet to announce a successor.
Analyst firms Baird, Tigress Financial Partners, and Monness, Crespi, Hardt have updated their assessments of Twilio. Baird maintained a Neutral rating but raised its price target for Twilio shares to $115. Both Tigress Financial Partners and Monness, Crespi, Hardt upgraded Twilio's stock to Buy, setting a new price target of $135.
Twilio also announced the public beta release of Linked Audiences for Amazon (NASDAQ:AMZN) Redshift, a feature designed to enhance customer engagement. This development has contributed to a 35% year-over-year increase in Twilio Segment's growth in the AWS Marketplace.
Looking ahead, 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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.