Sunday, June 26, 2022

Selling Buzz: Roku Inc. [ROKU] SVP and GM of Account Acquisit Ozgen Mustafa sells 4,973 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roku Inc. shares valued at $497,300 were sold by Ozgen Mustafa on Jun 08. At $100.00 per share, Ozgen Mustafa sold 4,973 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, KAY STEPHEN H sold 1,237 shares, netting a total of over 114,521 in proceeds. Following the sale of shares at $92.58 each, the insider now holds 77,312 shares.

Before that, Rosenberg Scott A. had sold 2,892 shares from its account. In a trade valued at $267,741, the GM, Sr. VP Platform Business traded Roku Inc. shares for $92.58 each. Upon closing the transaction, the insider’s holdings decreased to 2,892 shares, worth approximately $6.91 million.

As published in their initiating research note from Wolfe Research on June 02, 2022, Roku Inc. [ROKU] has been a Peer perform and the price target has been revised to $101. This represents a 9.71% premium over Wednesday’s closing price. Analysts at Pivotal Research Group upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in late May. As of April 29, 2022, MoffettNathanson has increased its “Sell” rating to a “Neutral” for ROKU. Earlier on April 19, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for ROKU stock.

Analyzing ROKU’s Price Performance

On Wednesday, Roku Inc. [NASDAQ: ROKU] rose 2.37% to $91.19. The stock’s lowest price that day was $86.502, but it reached a high of $95.07 in the same session. During the last five days, there has been a surge of approximately 22.75%. Over the course of the year, Roku Inc. shares have dropped approximately -60.04%. Shares of the company reached a 52-week high of $238.36 on 01/03/22 and a 52-week low of $72.63 on 06/14/22. A 50-day SMA is recorded $94.41, while a 200-day SMA reached $188.18. Nevertheless, trading volume fell to 10.74 million shares from 10.71 million shares the previous day.

Support And Resistance Levels for Roku Inc. (ROKU)

According to the 24-hour chart, there is a support level at 86.77, which, if violated, would cause prices to drop to 82.35. In the upper region, resistance lies at 95.34. The next price resistance is at 99.49. RSI (Relative Strength Index) is 51.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 44.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Roku Inc. (ROKU)?

According to Fidelity Management & Research Co filings, the company currently owns 10,254,690 shares, which is about 8.56% of the total ROKU shares outstanding. The investor’s shares have appreciated by 1,129,494 from its previous 13-F filing of 9125196.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $971,679,866. ARK Investment Management LLC acquire a 37.09% interest valued at $784.94 million while Nikko Asset Management Co., Ltd. purchased a 719,792 stake. A total of 724,782 shares of Roku Inc. were bought by Nikko Asset Management Americas, during the quarter, and -175,318 were sold by BlackRock Fund Advisors. In its current portfolio, Wellington Management Co. LLP holds 4,174,003 shares valued at $396.11 million.

In terms of Roku Inc. share price expectations, FactSet research, analysts set an average price target of $156.22 in the next 12 months, up nearly 77.37% from the previous closing price of $89.08. Analysts anticipate Roku Inc. stock to reach $240.00 by 2022, with the lowest price target being $80.00. In spite of this, 30 analysts ranked Roku Inc. stock as an Overweight at the end of 2022. On February 18, 2022, Pivotal Research Group assigned a price target of “a Sell” to the stock and downgraded coverage with a $95.

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