Insider Selling: Roku (NASDAQ:ROKU) Director Sells $191,080.00 in Stock
by Tristan Rich · The Markets DailyRoku, Inc. (NASDAQ:ROKU – Get Free Report) Director Neil Hunt sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $95.54, for a total value of $191,080.00. Following the sale, the director owned 7,782 shares in the company, valued at $743,492.28. This trade represents a 20.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Roku Price Performance
Roku stock remained flat at $97.66 during trading on Friday. The company had a trading volume of 2,754,616 shares, compared to its average volume of 2,651,226. The stock has a market capitalization of $14.40 billion, a PE ratio of 171.34 and a beta of 2.00. The stock has a fifty day moving average price of $94.09 and a two-hundred day moving average price of $99.46. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66.
Roku (NASDAQ:ROKU – Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. Roku had a return on equity of 3.40% and a net margin of 1.87%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned ($0.24) EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. Equities research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. Hsbc Holdings PLC raised its stake in shares of Roku by 21.2% in the 4th quarter. Hsbc Holdings PLC now owns 16,733 shares of the company’s stock valued at $1,837,000 after acquiring an additional 2,929 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Roku by 0.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 286,721 shares of the company’s stock worth $31,106,000 after acquiring an additional 2,221 shares during the period. Osbon Capital Management LLC acquired a new stake in Roku in the fourth quarter valued at approximately $45,000. World Investment Advisors acquired a new stake in Roku in the fourth quarter valued at approximately $291,000. Finally, Corient Private Wealth LLC raised its stake in shares of Roku by 75.1% during the fourth quarter. Corient Private Wealth LLC now owns 26,841 shares of the company’s stock valued at $2,912,000 after purchasing an additional 11,508 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Morgan Stanley set a $135.00 price target on shares of Roku and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Zacks Research raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. UBS Group restated a “neutral” rating and set a $110.00 price objective on shares of Roku in a report on Friday, February 13th. Finally, Weiss Ratings upgraded Roku from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.75.
Get Our Latest Research Report on Roku
Roku Company Profile
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.