Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells 210 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $75.14, for a total transaction of $15,779.40. Following the transaction, the chief accounting officer now directly owns 6,843 shares in the company, valued at $514,183.02. The trade was a 2.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Roku Trading Up 3.9 %

ROKU stock opened at $77.38 on Monday. The firm’s 50-day moving average is $75.39 and its two-hundred day moving average is $69.24. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of -64.48 and a beta of 2.05. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted ($2.33) earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on ROKU. JPMorgan Chase & Co. increased their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Macquarie reissued an “outperform” rating and set a $90.00 target price on shares of Roku in a report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Wednesday, December 4th. Finally, Piper Sandler increased their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.81.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Raelipskie Partnership acquired a new position in shares of Roku in the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Roku in the third quarter valued at $43,000. GS Investments Inc. lifted its position in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in shares of Roku during the 2nd quarter worth $48,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Company Profile

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.