Roku (NASDAQ:ROKU) Shares Down 2.3% Following Insider Selling

Roku, Inc. (NASDAQ:ROKU)’s stock price was down 2.3% during trading on Thursday following insider selling activity. The stock traded as low as $90.61 and last traded at $90.99. Approximately 3,312,891 shares traded hands during trading, a decline of 13% from the average daily volume of 3,789,350 shares. The stock had previously closed at $93.10.

Specifically, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $99.09, for a total value of $297,270.00. Following the transaction, the chief financial officer owned 77,420 shares in the company, valued at approximately $7,671,547.80. This represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles Collier sold 14,361 shares of Roku stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $94.99, for a total transaction of $1,364,151.39. Following the sale, the insider directly owned 200 shares of the company’s stock, valued at $18,998. This trade represents a 98.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, CAO Matthew C. Banks sold 719 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $95.09, for a total value of $68,369.71. Following the transaction, the chief accounting officer directly owned 7,285 shares of the company’s stock, valued at approximately $692,730.65. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. UBS Group boosted their target price on Roku from $95.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. Piper Sandler raised Roku from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $88.00 to $135.00 in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on shares of Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $145.00 target price on shares of Roku in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.14.

Roku Trading Down 2.3%

The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of -454.93 and a beta of 2.18. The company has a fifty day moving average of $99.53 and a two-hundred day moving average of $89.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted ($0.06) earnings per share. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in shares of Roku in the first quarter valued at about $28,000. Beaird Harris Wealth Management LLC bought a new stake in Roku during the 1st quarter valued at approximately $30,000. Westfuller Advisors LLC acquired a new stake in Roku in the 3rd quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new position in shares of Roku during the third quarter worth approximately $33,000. Finally, Rakuten Securities Inc. boosted its position in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. Institutional investors own 86.30% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.