Insider Selling: Roku (NASDAQ:ROKU) CEO Sells $9,659,250.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Trading Down 1.5%

ROKU stock opened at $124.02 on Friday. Roku, Inc. has a twelve month low of $67.67 and a twelve month high of $131.39. The company’s 50 day moving average is $106.50 and its two-hundred day moving average is $102.74. The stock has a market cap of $18.28 billion, a P/E ratio of 93.25 and a beta of 2.04.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current year.

Institutional Investors Weigh In On Roku

Several institutional investors have recently made changes to their positions in ROKU. Empowered Funds LLC raised its stake in shares of Roku by 18.6% during the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after buying an additional 515 shares during the last quarter. Focus Partners Wealth acquired a new position in Roku in the 1st quarter valued at about $229,000. EverSource Wealth Advisors LLC raised its stake in Roku by 145.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $123,000 after purchasing an additional 826 shares during the last quarter. First Trust Advisors LP raised its stake in Roku by 231.0% in the 2nd quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock valued at $6,221,000 after purchasing an additional 49,399 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in Roku in the 2nd quarter valued at about $326,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ROKU shares. Rosenblatt Securities lifted their target price on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC lifted their target price on shares of Roku from $110.00 to $140.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $160.00 target price on shares of Roku in a report on Monday, March 2nd. Moffett Nathanson reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Roku in a report on Friday, February 13th. Finally, Robert W. Baird lifted their target price on shares of Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.42.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Jefferies said Roku has a credible path to beat its full-year guidance, citing political advertising, higher World Cup viewership, and improving ad fill rates. The firm sees upside to about 25% year-over-year platform revenue growth in fiscal 2026, above Roku’s current guidance of roughly 21%. Article Title
• Positive Sentiment: Roku’s latest earnings beat expectations, with EPS of $0.57 versus the $0.34 estimate and revenue of $1.25 billion topping forecasts. Revenue also rose 22.4% year over year, reinforcing the view that the business is still growing strongly.
• Positive Sentiment: Analyst sentiment remains favorable, with multiple firms raising price targets after earnings and the broader consensus rating still sitting at Moderate Buy.
• Neutral Sentiment: Roku was also highlighted in “trending stock” coverage from Zacks, which mainly suggests increased investor interest rather than a clear new fundamental catalyst. Article Title
• Negative Sentiment: CEO Anthony Wood sold 75,000 shares in a pre-arranged Rule 10b5-1 transaction, which can weigh on sentiment even though the sale was planned in advance. Article Title

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.