Roku (NASDAQ:ROKU) Insider Gilbert Fuchsberg Sells 3,250 Shares

Roku, Inc. (NASDAQ:ROKU) insider Gilbert Fuchsberg sold 3,250 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $108.78, for a total transaction of $353,535.00. Following the completion of the transaction, the insider directly owned 59,094 shares in the company, valued at $6,428,245.32. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Roku Stock Performance

ROKU traded up $1.56 on Monday, hitting $109.03. 3,851,995 shares of the company were exchanged, compared to its average volume of 3,737,216. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66. The firm has a fifty day simple moving average of $99.18 and a two-hundred day simple moving average of $92.83. The stock has a market capitalization of $16.11 billion, a PE ratio of -545.12 and a beta of 1.98.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted ($0.06) EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Roku from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $135.00 in a research note on Thursday. Raymond James Financial restated a “market perform” rating on shares of Roku in a report on Friday, October 31st. Benchmark restated a “buy” rating on shares of Roku in a research report on Monday, October 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Roku in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.09.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock worth $1,301,557,000 after purchasing an additional 322,858 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Roku by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock valued at $236,545,000 after acquiring an additional 785,864 shares during the period. AQR Capital Management LLC lifted its position in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after buying an additional 1,897,407 shares in the last quarter. Tableaux LLC acquired a new stake in shares of Roku in the second quarter valued at about $1,746,000. Finally, Holocene Advisors LP lifted its stake in Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.