Insider Selling: Roku (NASDAQ:ROKU) CAO Sells $76,939.52 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 554 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $138.88, for a total transaction of $76,939.52. Following the transaction, the chief accounting officer directly owned 7,171 shares of the company’s stock, valued at approximately $995,908.48. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $142.43 on Friday. The company’s 50-day moving average price is $128.23 and its 200 day moving average price is $110.31. The company has a market cap of $21.00 billion, a PE ratio of 107.09 and a beta of 2.01. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $148.88.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. Roku’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, equities analysts anticipate that Roku, Inc. will post 2.41 EPS for the current year.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is benefiting from a reported $22 billion all-stock takeover agreement with Fox, which could imply a substantial strategic valuation for the company and highlights the importance of Roku’s streaming platform and advertising assets.
• Positive Sentiment: Roku announced a new show focused on the greatest American female athletes, a sign it continues to expand content offerings and attract more viewing engagement. Article Title
• Neutral Sentiment: Roku remains one of the more closely watched stocks on market news and screening sites, keeping attention high as investors assess the Fox deal and the company’s next move. Article Title
• Neutral Sentiment: Analysts currently have a consensus “Hold” rating on Roku, suggesting Wall Street sees meaningful upside potential but is still cautious on valuation and execution. Article Title
• Neutral Sentiment: Roku settled a Florida child-data case and pledged a privacy overhaul, which removes a legal overhang but also signals additional operational and compliance work ahead. Article Title
• Negative Sentiment: Recent insider selling by a Roku CAO and director may weigh on sentiment, even though the transactions were disclosed as part of pre-arranged 10b5-1 plans. Article Title
• Negative Sentiment: A shareholder law firm has launched an investigation into whether Roku is getting a fair price in the Fox transaction, which could add uncertainty and legal noise around the deal. Article Title

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Benchmark raised their target price on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird reiterated a “neutral” rating and set a $160.00 price target on shares of Roku in a research report on Monday, June 15th. Citizens Jmp cut Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Wells Fargo & Company raised their price target on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wedbush cut shares of Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a research note on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $153.71.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. AQR Capital Management LLC boosted its stake in Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after purchasing an additional 1,897,407 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Roku by 229.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock valued at $192,868,000 after purchasing an additional 1,419,772 shares during the period. Fred Alger Management LLC raised its stake in shares of Roku by 7,087.7% in the 4th quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after buying an additional 1,401,664 shares in the last quarter. Holocene Advisors LP raised its stake in shares of Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after buying an additional 1,285,585 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Roku in the fourth quarter valued at $92,808,000. Institutional investors own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.