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Twilio Up As Activist Investor Spurs Change, Cathie Wood Invests

Kate Stalter
Written by Kate Stalter
June 2, 2023

Key Points

  • Activist investor Legion Partners, which holds 601,050 shares of Twilio, according to regulatory filings, met with company managers and is pushing for change.
  • In mid-May Cathie Wood's ARK ETF purchased shares of Twilio, helping to boost the stock's price.
  • Twilio revenue growth declined for seven consecutive quarters.
  • The company beat expectations in the past two quarters but disappointed with its revenue guidance.
  • Five stocks we like better than Twilio.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Twilio (TWLO)
4.5997 of 5 stars		$114.16-3.3%N/A-178.37Moderate Buy$130.91
ARK Innovation ETF (ARKK)N/A$60.20-5.9%N/AN/AModerate Buy$60.20
Compare These Stocks  Add These Stocks to My Watchlist 

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