Insider Selling: Roku (NASDAQ:ROKU) Director Sells $281,300.00 in Stock

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of Roku stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the transaction, the director owned 9,629 shares of the company’s stock, valued at approximately $1,354,318.85. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

Roku stock opened at $142.43 on Friday. The firm has a market cap of $21.00 billion, a PE ratio of 107.09 and a beta of 2.01. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $148.88. The stock’s 50 day simple moving average is $128.23 and its two-hundred day simple moving average is $110.31.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating 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 analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned ($0.19) EPS. The business’s quarterly revenue was up 22.4% on a year-over-year basis. On average, equities research analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ROKU shares. Rosenblatt Securities lifted their price target on Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Seaport Research Partners set a $155.00 price objective on Roku in a report on Tuesday, June 16th. KeyCorp cut Roku from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 15th. Susquehanna downgraded Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price for the company. in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $160.00 target price (up from $150.00) on shares of Roku in a research report on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $153.71.

Key Stories Impacting Roku

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Roku during the fourth quarter worth about $26,000. Bayban boosted its position in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the last quarter. WPG Advisers LLC purchased a new stake in Roku during the 4th quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Roku during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

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.