This Week in Technology: Why These 5 Stocks Were in the Spotlight

In this article we take a look at five tech stocks that trended this week. If you want to read our detailed analysis of these stocks, go to read This Week in Technology: Why These 10 Stocks Were in the Spotlight.

5. Twilio Inc. (NYSE:TWLO) was in the spotlight this week after the company guided for a wider than expected loss for Q4 than expected. For the fourth quarter, TWLO expects adjusted EPS loss of 23 cents to a loss of 26 cents. Analysts were on average expecting an average loss of 15 cents per share. Twilio Inc. (NYSE:TWLO) COO George Hu has also resigned. Catherine D. Wood’s ARK Investment Management was long over 3.72 million shares of Twilio Inc. (NYSE:TWLO) at the end of June.

4. PayPal Holdings, Inc. (NASDAQ:PYPL) trended this week after the company said it is ‘not pursuing an acquisition of Pinterest at this time’. Although a purchase could have helped PayPal in online shopping and advertising, PayPal is itself growing quite rapidly. Ken Fisher’s Fisher Asset Management was long more than 11.99 million shares of PayPal Holdings, Inc. (NASDAQ:PYPL) at the end of September.

3. Pinterest, Inc. (NYSE:PINS) trended this week after PayPal Holdings said it is ‘not pursuing an acquisition of Pinterest at this time’. With its huge userbase, Pinterest, Inc. (NYSE:PINS) has potential but the company still has to substantially grow its earnings to justify its valuation. Pinterest, Inc. (NYSE:PINS) shares are down 34% year to date. Coatue Management owned over 3.7 million shares of Pinterest, Inc. (NYSE:PINS) at the end of June.

2. Robinhood Markets, Inc. (NASDAQ:HOOD) trended this week after the company reported a third quarter loss of $2.06 per share versus the consensus loss of $1.37 per share. Robinhood Markets, Inc. (NASDAQ:HOOD)’s third quarter sales of $364.92 million was also less than the estimated $431.48 million. CEO Vladimir Tenev owns shares in Robinhood Markets, Inc. (NASDAQ:HOOD).

1. Yandex N.V. (NASDAQ:YNDX) was in the spotlight after the company reported revenue of $1.25 billion, in-line with estimates. With the rise in oil prices, Russia’s economy could potentially receive a boost and Yandex N.V. (NASDAQ:YNDX) could potentially benefit as a result. Fisher Asset Management was long over 5 million shares of Yandex N.V. (NASDAQ:YNDX) at the end of Q2.

Disclosure: None.