Cathie Wood-LED ARK Investment Management bought over 26,000 shares of Twilio Inc
TWO through two of the company’s exchange-traded funds at an estimated cost of over $2 million based on Tuesday’s closing price. The stock purchase comes a day later wood charged Tesla Inc TSLA shares.
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Twilio is the seventh largest holding in the ARK Next Generation Internet ETF ARKW with a weighting of 5.84% and at the same time the fourth largest holding in the ARK Fintech Innovation ETF ARKF with a weight of 7.62%. The company’s shares are up over 11% over the past month. Accordingly, two analysts have downgraded their price targets for the stock Benzinga Analyst’s stock valuation tool.
The company is expected to report its third quarter results on November 3rd. The customer retention platform issued a revenue guidance of $965 million to $975 million for the third quarter.
UiPath Sale: Wood also sold over 200,000 shares in the robotic process automation software maker UiPath Inc AWAY at $2.6 million based on Tuesday’s close.
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