Twilio Up As Activist Investor Spurs Change, Cathie Wood Invests

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.
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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Twilio (TWLO)	4.1665 of 5 stars	$58.73	-0.7%	N/A	-10.60	Hold	$68.90
ARK Innovation ETF (ARKK)	N/A	$43.02	-1.4%	N/A	N/A	N/A	N/A

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About Kate Stalter

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Retirement, Asset Allocation, and Tax Strategies

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Kate Stalter has been a contributing writer for MarketBeat since 2021.

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Series 65-licensed investment advisor, financial advisor, Blue Marlin Advisors; investment columnist for Forbes, U.S. News & World Report

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Bachelor of Arts, Saint Mary’s College, Notre Dame, Indiana; Master of Business Adminstration, Kellogg School of Management at Northwestern University

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Founder, financial advisor for Better Money Decisions; editor, stock trading instructor for Investor’s Business Daily; columnist, podcast host, video host for MoneyShow.com; contributor for Morningstar magazine