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Matthew C. Banks, Vice President, Corporate Controller & CAO at Roku , Inc. (NASDAQ:ROKU), recently sold shares of the company’s Class A common stock. On April 1, Banks sold 207 shares at a price of $70.77 each, totaling approximately $14,649. Following this transaction, Banks holds 7,049 shares directly. The shares were sold under a prearranged 10b5-1 trading plan. While the stock has experienced an 8.3% decline over the past week, InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.62. Discover 8 more exclusive InvestingPro Tips and comprehensive financial analysis in the Pro Research Report.
In other recent news, Roku Inc. has seen a mix of analyst opinions and strategic developments. Citi analysts have revised their outlook for Roku, reducing the price target from $103 to $81, citing concerns about a weakening macroeconomic environment and increased tariff risks affecting the device segment. Despite this, Citi maintains a Neutral rating on the stock. On the other hand, JMP Securities continues to hold a Market Outperform rating with a $115 price target, highlighting Roku’s leadership in the streaming market despite growing competition. FBN Securities also initiated coverage with an Outperform rating and a $93 price target, recognizing the company’s growth potential in advertising and revenue streams.
Additionally, Guggenheim analyst Michael Morris maintained a Buy rating, emphasizing Roku’s strategic focus on platform monetization and projecting continued growth in streaming account penetration. Meanwhile, Roku announced that Board Director Ravi Ahuja will resign in June 2025, reducing the board from nine to eight members. These developments reflect ongoing adjustments within Roku’s governance and strategic direction. Investors are closely monitoring these updates as they consider the potential impact on Roku’s financial performance and market position.
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