Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells $15,964.26 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 211 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $75.66, for a total value of $15,964.26. Following the sale, the chief accounting officer now owns 7,053 shares of the company’s stock, valued at approximately $533,629.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Roku Price Performance

ROKU opened at $75.89 on Friday. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The firm has a market capitalization of $10.98 billion, a P/E ratio of -19.02 and a beta of 2.06. The company has a fifty day moving average price of $66.00 and a 200-day moving average price of $61.92.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.76) EPS. On average, analysts expect that Roku, Inc. will post -1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ROKU shares. Macquarie raised their target price on Roku from $72.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a research note on Thursday, September 12th. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, August 23rd. Bank of America boosted their price objective on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Rosenblatt Securities cut their target price on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $81.14.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. Mcdonald Partners LLC grew its stake in Roku by 0.9% in the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after buying an additional 175 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after acquiring an additional 187 shares during the last quarter. Beacon Capital Management LLC grew its position in Roku by 17.7% in the first quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock worth $101,000 after acquiring an additional 233 shares in the last quarter. Arizona State Retirement System increased its stake in Roku by 0.7% in the second quarter. Arizona State Retirement System now owns 34,656 shares of the company’s stock valued at $2,077,000 after acquiring an additional 251 shares during the last quarter. Finally, Quarry LP increased its position in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

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.