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Twilio Inc. (NYSE:TWLO), the cloud communications platform whose stock has surged over 109% in the past year, reported that Chief Financial Officer Aidan Viggiano sold $173,198 worth of the company’s Class A common stock on February 18, according to a recent SEC filing. The sales involved multiple transactions with prices ranging from $124.0186 to $125.9029 per share. These transactions were conducted to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units (RSUs), as mandated by Twilio’s equity incentive plans. According to InvestingPro data, management has been actively engaged in share buybacks, demonstrating confidence in the company’s $18.09 billion market value.
In addition to the sales, Viggiano acquired 34,145 shares through RSUs at no cost, which will vest over a period of three years, subject to continued service with the company. Following these transactions, Viggiano holds a total of 186,664 shares of Twilio. The company maintains a strong financial position with more cash than debt on its balance sheet, and InvestingPro analysis reveals 12 additional key insights about Twilio’s insider trading patterns and financial health available to subscribers.
In other recent news, Twilio’s fourth-quarter earnings have drawn attention from several analyst firms, resulting in updated price targets and ratings. Piper Sandler raised its price target for Twilio to $161, maintaining an Overweight rating, citing stable growth metrics and a positive outlook for future quarters. Stifel also adjusted its price target to $135, up from $130, while keeping a Hold rating, noting that Twilio’s earnings were slightly below market expectations but highlighting the potential for growth through AI in customer engagement. Bernstein increased its price target to $119 from $82, maintaining a Market Perform rating, and noted Twilio’s revenue growth of 11% year-over-year, buoyed by political spending and overcoming challenges like the ZipWhip transition.
William Blair maintained an Outperform rating, pointing out Twilio’s solid performance and potential for margin expansion, despite missing free cash flow estimates due to vendor prepayments. Twilio’s communications segment grew by 12%, although the Segment division saw a slight decline. Additionally, Bernstein noted that the release of Deepseek, a new AI tool, could benefit software vendors like Twilio by increasing demand for AI-enabled services. These developments reflect analysts’ mixed but generally positive outlooks on Twilio’s financial performance and growth prospects.
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