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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.
  • MarketBeat previews the top five stocks to own by April 1st.
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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)
4.7503 of 5 stars		$101.04-0.8%N/A-157.79Moderate Buy$135.35
ARK Innovation ETF (ARKK)N/A$50.18-1.2%N/A41.12Moderate Buy$50.78
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