Roku (NASDAQ:ROKU) Insider Sells $750,807.36 in Stock

by · The Markets Daily

Roku, Inc. (NASDAQ:ROKU – Get Free Report) insider Gilbert Fuchsberg sold 4,824 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $155.64, for a total value of $750,807.36. Following the completion of the sale, the insider owned 40,168 shares in the company, valued at approximately $6,251,747.52. This represents a 10.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gilbert Fuchsberg also recently made the following trade(s):

  • On Thursday, August 6th, Gilbert Fuchsberg sold 10,719 shares of Roku stock. The shares were sold at an average price of $150.00, for a total transaction of $1,607,850.00.

Roku Stock Performance

Shares of ROKU traded up $0.61 during trading hours on Thursday, hitting $158.31. The stock had a trading volume of 2,026,749 shares, compared to its average volume of 2,195,726. The firm has a 50-day moving average price of $148.16 and a 200 day moving average price of $124.48. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $159.89. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 67.65 and a beta of 2.05.

Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.07 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post 2.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

Several large investors have recently bought and sold shares of the company. Bayban lifted its position in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Roku in the 4th quarter valued at $31,000. Elevation Wealth Partners LLC raised its stake in Roku by 208.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock valued at $44,000 after purchasing an additional 215 shares during the last quarter. Osbon Capital Management LLC purchased a new position in Roku in the 4th quarter valued at $45,000. Finally, Rakuten Securities Inc. boosted its stake in Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Fox Advisors set a $157.00 price target on Roku in a report on Friday, July 17th. Citigroup boosted their price objective on Roku from $120.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Weiss Ratings raised Roku from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wolfe Research lowered Roku from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Finally, Guggenheim cut shares of Roku from a “buy” rating to a “neutral” rating and lifted their price target for the company from $145.00 to $160.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Roku has an average rating of “Hold” and an average price target of $156.17.

View Our Latest Analysis on Roku

Roku Company Profile

(Get Free Report)

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.

Further Reading