Popular investor Cathie Wood’s ARK Invest made some notable trade moves on Wednesday, July 8. As per the daily trades published by ARK, Wood added to her position in gene-editing firm CRISPR Therapeutics (CRSP) and cut her stake in streaming platform Roku (ROKU).
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Wood Loads Up on CRISPR Stock
As per the daily trade disclosure, ARK bought 102,806 shares of CRISPR Therapeutics. The total trade was valued at around $5.26 million. This adds to Wood’s long-running interest in CRISPR’s gene-editing platform, a space she has steadily backed through ARK’s biotech picks.
Interestingly, CRISPR stock rose 7% on Tuesday after Needham reaffirmed its Buy rating and set a price target of $81 in a new research note, lifting investor sentiment.
Wall Street’s Take on CRISPR
On TipRanks, CRISPR stock has a Moderate Buy consensus rating based on 14 Buys and seven Hold ratings. Also, the average CRISPR Therapeutics price target of $69.44 implies a 26.67% upside potential from current levels. Year-to-date, CRSP stock has gained 39.3%.

Wood Trims Holdings in ROKU Stock
Meanwhile, ARK trimmed its position in Roku, selling 20,813 shares worth about $1.83 million. This comes after a series of cuts recently, as ARK appears to be dialing down exposure to streaming and media-related stocks.
Roku is trading over 80% below its 2021 high of about $473, as it struggles with tough competition and a weak ad market. However, the stock is up 40% over the past year.
What is Roku’s Price Target?
According to TipRanks, Wall Street has a Moderate Buy consensus rating on ROKU stock, based on 12 Buys, six Holds, and one Sell assigned in the last three months. The average Roku stock price target of $89.14 implies a 1.13% upside potential.
