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Charles Collier, President of Roku Media, recently executed a series of stock transactions involving Roku, Inc. (NASDAQ:ROKU), a company currently valued at $12.43 billion. According to a recent SEC filing, Collier sold shares worth approximately $867,060 over several transactions. InvestingPro data shows the stock has gained over 27% in the past six months, with notable price volatility.
On March 4, Collier sold 5,149 shares at an average price of $77.90, 1,756 shares at an average price of $79.05, and 276 shares at $79.68. The following day, March 5, he sold an additional 3,590 shares at $85.00, near the current trading price of $85.07. These sales were conducted under a 10b5-1 trading plan.
Additionally, on March 3, Collier acquired 29,339 shares through the exercise of restricted stock units, although this transaction did not involve any cash exchange as the shares were acquired at a price of $0.
The transactions left Collier with a direct ownership of 3,790 shares following these activities.
In other recent news, Roku Inc. has reported significant developments that have caught the attention of several analyst firms. Notably, Roku’s impressive performance in the last quarter of 2024 showcased a 25% year-over-year growth in Platform revenue, exceeding even the most optimistic estimates. Benchmark analysts responded by raising their price target to $130, maintaining a Buy rating, and expressing confidence in Roku’s continued momentum. Similarly, Jefferies upgraded Roku’s stock rating from Underperform to Hold, increasing the price target to $100, citing Roku’s platform growth and improved profitability as key factors.
Citi analysts adjusted their price target to $103 from $70, while maintaining a Neutral stance, attributing the stock’s recent performance to enhanced fill rates and subscription revenue initiatives. Meanwhile, Citizens JMP reiterated a Market Outperform rating with a $115 target, emphasizing Roku’s strong market position and increased engagement on The Roku Channel. Despite these positive outlooks, Morgan Stanley (NYSE:MS) raised its price target to $75 but kept an Underweight rating, highlighting potential financial challenges ahead, particularly related to political advertising revenues.
These recent developments reflect Roku’s robust growth and strategic initiatives, which have led to a series of analyst upgrades and revised price targets. The company’s ability to outperform expectations and its strategic positioning in the streaming market have been key drivers of investor interest. As Roku continues to expand its platform and improve monetization, analysts are closely monitoring its financial trajectory and market performance.
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