SAN FRANCISCO—Aidan Viggiano, chief financial officer of Twilio Inc. (NYSE: ), recently sold shares worth $743,962, according to a filing with the Securities and Exchange Commission. The transactions, which were conducted in accordance with Viggiano’s 10b5-1 trading plan, took place on January 6, 2025. The sale comes as Twilio, currently valued at nearly $17 billion, is trading near a 52-week high of $116.43. According to InvestingPro analysis, the stock appears to be undervalued based on fair value metrics.
Viggiano sold a total of 6,552 shares of Twilio’s Class A Common Stock. The sale was made 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) representing 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, the filing said.
In other recent news, cloud communications company, Twilio, revealed a 10% year-over-year increase in revenue in the third quarter of 2024, reaching $1.13 billion. The company’s non-GAAP operating income also rose to a record $182 million, driven largely by communications revenue that contributed $1.06 billion. Twilio integrates AI and machine learning into its platform, leading to an enhanced product offering.
Another notable development was the resignation of Dan Wagner, chief legal officer and corporate secretary, who will remain in the 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 estimates for Twilia. Baird maintained a Neutral rating but raised his price target on Twilio stock 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:) Redshift, a feature designed to increase user engagement. This development contributed to a 35% year-over-year growth in the Twilio segment on the AWS Marketplace.
Looking ahead, Twilio forecasts revenue growth of 7% to 8% for the fourth quarter and fiscal year 2025 and expects a significant increase in operating margin on a non-standard basis in 2025. The company completed more than $2.7 billion in total share repurchases as part of its $3 billion share repurchase authorization. .
This article was generated with the support of artificial intelligence and reviewed by an editor. See our T&C for more information.
