Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 716 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 716 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total transaction of $68,428.12. Following the completion of the sale, the chief accounting officer directly owned 7,675 shares of the company’s stock, valued at approximately $733,499.75. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Roku Stock Up 3.7%

NASDAQ:ROKU traded up $3.44 during mid-day trading on Wednesday, reaching $97.51. 4,590,856 shares of the stock were exchanged, compared to its average volume of 4,606,452. The stock has a market capitalization of $14.38 billion, a P/E ratio of 171.07 and a beta of 1.98. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $116.66. The company has a 50 day simple moving average of $99.72 and a 200-day simple moving average of $99.44.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm posted ($0.24) EPS. Roku’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Apple TV is now available as a Premium Subscription on The Roku Channel in the U.S., letting Roku users subscribe and manage Apple TV via their Roku accounts. That deal should increase subscription options on Roku, keep viewers inside Roku’s ecosystem longer, and expand ad and subscription monetization opportunities. Roku Adds Apple TV to Premium Subscriptions (Business Wire)
• Positive Sentiment: High-profile endorsement: Jim Cramer publicly said Roku is “a very smart…thing to buy,” highlighting Roku’s targeted advertising business as a core strength — a sentiment that can drive investor interest and short-term inflows. Jim Cramer on Roku (Yahoo Finance)
• Positive Sentiment: Roku’s Streaming Stick HD is heavily discounted (nearly 50% off in promotions), which can boost unit sales, expand the active user base, and increase future ad inventory and subscription attach rates — supportive for long‑term growth even if near-term device margins are thinner. Roku Streaming Stick HD Discount (Kotaku)
• Neutral Sentiment: Consumer/brand buzz: a light human-interest piece on a hidden “Punch the Monkey” easter-egg in Roku screensavers may increase brand engagement and social sharing but is unlikely to move fundamentals materially. Punch the Monkey in Roku Screensavers (MSN)

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $110.00 price objective on shares of Roku in a research report on Friday, February 13th. Benchmark reaffirmed a “buy” rating on shares of Roku in a report on Wednesday, February 4th. Weiss Ratings upgraded shares of Roku from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Citigroup reissued a “market outperform” rating on shares of Roku in a report on Monday. Finally, Arete Research set a $132.00 price objective on Roku and gave the company a “buy” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Institutional Trading of Roku

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after buying an additional 1,897,407 shares in the last quarter. Tableaux LLC acquired a new stake in shares of Roku in the 2nd quarter worth approximately $1,746,000. Fred Alger Management LLC grew its holdings 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 acquiring an additional 1,401,664 shares during the period. Holocene Advisors LP increased its stake in Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Finally, Norges Bank acquired a new position in Roku during the fourth quarter worth $92,808,000. 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.