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Twilio's chief legal officer sells $452,646 in stock

Published 19/11/2024, 08:14 am
TWLO
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SAN FRANCISCO—Dana Wagner, Chief Legal Officer and Secretary of Twilio Inc. (NYSE:TWLO), executed a sale of 4,512 shares of the company's Class A common stock on November 14. The transaction, carried out under Wagner's 10b5-1 trading plan, amounted to a total value of $452,646.

The shares were sold at a weighted average price of $100.3205, with individual transaction prices ranging from $100.00 to $100.495 per share. Following this sale, Wagner holds 133,267 shares of Twilio, a portion of which includes restricted stock units (RSUs).

This sale is part of Wagner's pre-established trading plan, designed to allow insiders to sell stock at predetermined times to avoid potential conflicts of interest. Twilio continues to be a key player in the prepackaged software industry, with its headquarters located in San Francisco, California.

In other recent news, Twilio Inc. has been upgraded from Neutral to Buy by Monness, Crespi, Hardt, with a new price target set at $135. This decision comes as the firm sees Twilio on a recovery path, following a significant drop in stock value and changes in leadership. The firm's analysts are confident in Twilio's potential to bounce back, given the current attractive valuation of its stock.

Twilio has also reported a 10% increase in revenue, hitting $1.134 billion in Q3 2024. The cloud communications firm's non-GAAP income from operations rose to a record $182 million, with a non-GAAP operating margin of 16.1%. The Communications segment was a major contributor, generating $1.060 billion, driven by growth in messaging and email services.

Among other recent developments, the company has been integrating artificial intelligence and machine learning, including the use of OpenAI's API, to enhance customer personalization and operational efficiency. Twilio is projecting 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 also repurchased over $2.7 billion in shares as part of its $3 billion share repurchase program.

InvestingPro Insights

As Dana Wagner's recent stock sale unfolds, Twilio's financial landscape presents a mixed picture. According to InvestingPro data, Twilio boasts a substantial market capitalization of $14.82 billion, reflecting its significant presence in the prepackaged software industry. 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 reveal that Twilio's management has been aggressively buying back shares, potentially signaling confidence in the company's future prospects. This aligns with the strong return the stock has seen over the last year, with a 53.05% price total return as of the latest data. The company's financial health appears robust, as it holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations.

However, investors should note that Twilio is not currently profitable, with a negative operating income of $104.11 million for the last twelve months as of Q3 2023. Despite this, analysts predict the company will turn profitable this year, which could explain the recent stock price surge to near its 52-week high.

For those seeking a deeper understanding of Twilio's financial position, InvestingPro offers 14 additional tips, providing a comprehensive view of the company's performance and potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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