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 that occurred 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 completion of the transaction, the chief accounting officer directly owned 7,171 shares of the company’s stock, valued at approximately $995,908.48. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

ROKU stock traded up $1.92 during midday trading on Thursday, hitting $142.43. The stock had a trading volume of 5,464,981 shares, compared to its average volume of 3,894,649. The company’s 50-day moving average price is $127.18 and its 200 day moving average price is $109.84. 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.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROKU. Benchmark upped their price objective on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Robert W. Baird reissued a “neutral” rating and set a $160.00 price target on shares of Roku in a research report on Monday, June 15th. Seaport Research Partners set a $155.00 price target on Roku in a research note on Tuesday, June 16th. Oppenheimer downgraded Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $160.00 price objective (up from $150.00) on shares of Roku in a research note on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $153.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake 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 purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Roku in the fourth quarter valued at about $26,000. Bayban raised its holdings in shares of Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the period. WPG Advisers LLC purchased a new stake in shares of Roku during the 4th quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Roku during the 4th quarter worth approximately $31,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

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.