Following this transaction, Wagner holds 125,576 shares, a portion of which are represented by Restricted Stock Units (RSUs). These sales were executed under Wagner's 10b5-1 trading plan, established earlier this year in May. While this insider sale has attracted attention, InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company's prospects. For deeper insights into insider trading patterns and 15+ additional ProTips, subscribers can access Twilio (NYSE:TWLO)'s comprehensive Pro Research Report. While this insider sale has attracted attention, InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company's prospects. For deeper insights into insider trading patterns and 15+ additional ProTips, subscribers can access Twilio's comprehensive Pro Research Report. Following this transaction, Wagner holds 125,576 shares, a portion of which are represented by Restricted Stock Units (RSUs). These sales were executed under Wagner's 10b5-1 trading plan, established earlier this year in May.
In other recent news, Twilio has reported a 10% year-over-year increase in Q3 2024 revenue, reaching a record $1.13 billion, with the Communications segment contributing $1.06 billion. The company's non-GAAP income from operations rose to a record $182 million. In addition, Twilio has announced the public beta release of Linked Audiences for Amazon (NASDAQ:AMZN) Redshift, a feature designed to enhance customer engagement by allowing users to build dynamic audiences and enrich customer profiles.
Analysts from Tigress Financial Partners and Monness, Crespi, Hardt have upgraded Twilio's stock to Buy, expressing confidence in the company's use of artificial intelligence to enhance product functionality and customer adoption. Notably, the company has completed over $2.7 billion in aggregate repurchases as part of its $3 billion share repurchase authorization.
Twilio projects revenue growth of 7% to 8% for Q4 and fiscal 2025 and expects significant non-GAAP operating margin expansion in 2025. These are among the recent developments for Twilio.
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