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When the “Woodstock of Capitalism” took place a few weeks ago, aka Berkshire Hathaway’s (BRK)(BRK) annual meeting, the Warren Buffett fetishists came out in full force and saturated investing websites, CNBC and YouTube with their gee-whiz commentary. After all, the time you spend relearning all the old Buffett lessons (there’s a finite number, after all) is time you are not learning from other great investors. Consider tech investor Kevin Landis of Firsthand Capital Management, for example.
Magnetar Capital is an Evanston, Illinois-based multi-strategy asset manager that was founded in 2005 by Alec Litowitz and Ross Laser, who previously worked at Citadel LLC and Glenwood Capital Partners, respectively. The fund was launched with $1.8 billion, which represented one of the biggest hedge fund initial capitals at the time. At the very beginning, […]
Lakewood Capital Management is an NYC-based hedge fund sponsor that was founded back in 2007 by Anthony Bozza. The fund utilized long/short investment strategy covering a variety of industries. As of the end of July 2017, Lakewood Capital Management has around $4.27 billion in asset under management on a discretionary basis. Before launching is own […]
GreenSky investors were roiled May 15 when the company disclosed that it expects Regions Financial Corp. not to renew a funding commitment to GreenSky when it expires later this year.
Atlassian, DocuSign, Paylocity, and Kirkland Lake Gold are among 13 stocks to watch that posted 100% to 933% earnings growth in their latest quarter.
For his final "Executive Decision" segment of Mad Money Wednesday night, Jim Cramer checked back in with Vladimir Shmunis, chairman and CEO of RingCentral Inc. , a stock Cramer last recommended in November. Shares of RNG are up 50% in calendar 2019.
Zuora (ZUO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Telecom Gear Vendor Update: Nokia and Ericsson(Continued from Prior Part)Orange signals interest in Nokia’s subsea cables businessNokia (NOK) appears to be struggling to secure a buyer for its subsea cables business. Since at least 2017, Nokia has
Teradyne (TER) rolls out the new Universal Protocol Board module for Magnum VU memory test system which expands its memory test capabilities.
NetApp (NTAP) is benefiting from increasing adoption of all-flash arrays. However, declining OEM revenues and competition remain the headwinds.
iRobot (IRBT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Qualcomm (QCOM) is expected to remain unaffected by the Huawei ban, while T-Mobile (TMUS) is leaving no stone unturned to win regulatory clearance for its merger with Sprint (S).
Telecom Gear Vendor Update: Nokia and EricssonNokia’s patent business brought $413 million in revenueNokia (NOK) has been sued in the United States for allegedly conspiring to inflate patent license rates, according to a report by Reuters. The
Almost two years ago to the day, I wrote about Twilio (NYSE:TWLO), questioning whether TWLO stock was worth $15 or $30.Source: Web Summit Via FlickrInvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the time, Twilio stock was trading around $25 and had been on a volatile run in its first year as a public company, trading as high as $71 within the first 100 days of its June 2016 IPO. Investors were having a hard time figuring out if the communication platform-as-a-service (CPaaS) had enough growth in it to pave a pathway to profitability. I reckoned that it did. Twilio was adding customers at a significant clip to offset any loss of revenue from Uber (NYSE:UBER) which at the time -- in its pre-IPO status -- was looking to go in another direction with its cloud-based communication services. Also, Twilio's non-GAAP losses were getting smaller by the quarter. If it could improve GAAP or even non-GAAP profitability, TWLO stock would naturally go higher. * 7 High-Yield REITs to Buy (Even When the Market Tanks) At $30, I suggested TWLO stock owners hang tight despite the Uber defection. And then I forgot about it. I moved on to cover other cloud-based stocks, including Ceridian HRM (NYSE:CDAY), one of my favorites in the HR space. What's Changed?It turns out a lot has changed. For starters, TWLO stock closed yesterday at $137, more than 450% higher than in May 2017, for an annualized total return of 137%. TWLO premarket this morning is down more than 3% along with the broader market indexes.Secondly, it showed 154,797 active customer accounts at the end of March, 187% higher than a year earlier, and 280% higher than at the end of March 2017. Finally, in fiscal 2016, Twilio had a non-GAAP annual loss of 16 cents a share. In fiscal 2018, the loss had turned to a non-GAAP profit of 11 cents a share, a 169% improvement over the past two years. Add to this, the acquisition of SendGrid and its cloud-based marketing platform in February for $2 billion, and you've got the makings of a powerhouse in cloud-based services. So, a lot's changed, including its price-to-sales ratio, which in May 2017 was around 7.4; today, it's close more than 23, forcing many investors to take profits. Never Sneeze at a ProfitTaking profits in any market is always a subjective opinion. Some like to let their winners run and others want to get their cost out so they can play on someone else's dime. Regardless of where you sit on this, it's understandable to want to realize profits on a stock that's gained 58% year to date compared to the S&P 500 index's 13.8% gain.However, it's also important to consider why Twilio's P/S multiple has doubled since May 2017, before deciding to sell its stock.First of all, there's no question that cloud-computing -- public, private, and hybrid -- have taken off over the past two years, leading investors to pay more for cloud-computing stocks like Twilio. One only needs to look at the run-ups of both Microsoft (NASDAQ-:MSFT) and Amazon (NASDAQ:AMZN) shares over the past two years to know cloud-related stocks are riding a significant tailwind. Tailwinds do eventually fade, but this one appears to be in the early innings despite the tremendous growth in recent years. Estimates put the global cloud computing market at $300 billion by 2022, a compound annual growth rate of 12% over the next four years. * 7 Stocks to Buy for Over 20% Upside Potential As my colleague Luke Lango recently wrote, Twilio's got a lot going for it, including the fact that its services will go from a "want" to a "need" soon."The customer base is growing by over 30%. Revenues are growing by nearly 70%. The retention rate is 95% and up," Lango wrote on May 14. "In other words, everything is going right for this company, and it will continue to go right as the CPaaS market goes from niche to mainstream over the next several years."I couldn't agree more. Bottom Line on TWLO StockHere it is, two years after recommending Twilio stock, and it's clear that more growth is on the horizon for the company. Ultimately, that will lead to higher gross margins, operating margins, and GAAP profitability. Do I think TWLO stock is the perfect holding? No, I do not. However, when it gets to GAAP profitability, it will be pretty darn close. In my eyes, Twilio stock is still a buy.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Twilio Stock Still Going Strong 2 Years Later appeared first on InvestorPlace.
CEO & Chairman of Ringcentral Inc (NYSE:RNG) Vladimir Shmunis sold 93,421 shares of RNG on 05/22/2019 at an average price of $121.75 a share.