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SAN FRANCISCO—Aidan Viggiano, the Chief Financial Officer of Twilio Inc. (NYSE:TWLO), sold 2,500 shares of the company’s Class A common stock on February 21, 2025. The transaction comes as Twilio shows strong momentum, with the stock delivering a 103% return over the past year. According to InvestingPro analysis, the company maintains a healthy balance sheet with more cash than debt, while management has been actively buying back shares. The shares were sold at an average price of $117.45 each, totaling approximately $293,625. Following this transaction, Viggiano retains ownership of 184,164 shares, some of which include Restricted Stock Units (RSUs).
The sales were conducted under Viggiano’s 10b5-1 trading plan, which was established on March 7, 2024. This plan allows company insiders to set up a predetermined schedule for selling stocks, providing them a way to gradually sell off shares while avoiding potential accusations of insider trading.
In other recent news, Twilio reported an 11% year-over-year increase in fourth-quarter 2024 revenue, reaching $1.19 billion, with communications revenue rising by 12% to $1.12 billion. The company achieved its first quarter of GAAP operating profitability, surpassing initial targets. Analysts from Tigress Financial, Piper Sandler, and Morgan Stanley (NYSE:MS) have shown optimism about Twilio’s future, with Tigress Financial raising the stock target to $170, citing AI-driven growth. Piper Sandler and Morgan Stanley also increased their price targets to $161 and $160, respectively, highlighting Twilio’s strategic initiatives and growth potential. Stifel raised its target to $135, maintaining a Hold rating, and noted the potential for growth from AI applications in customer engagement. Twilio’s leadership emphasized its unique position in integrating communications and data, projecting growth rates higher than previous estimates. Despite a slight decrease in one segment’s revenue, Twilio’s commitment to innovative strategies and AI collaborations has been pivotal in enhancing customer engagement. The company’s future outlook includes significant market opportunities, particularly in Customer Experience as a Service (CXaaS) and AI-driven services.
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