Roku (NASDAQ:ROKU) SVP Christopher Handman Sells 2,999 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) SVP Christopher Handman sold 2,999 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $127.26, for a total value of $381,652.74. Following the completion of the transaction, the senior vice president directly owned 5,998 shares in the company, valued at approximately $763,305.48. This represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.

Roku Stock Down 3.9%

NASDAQ ROKU opened at $122.20 on Thursday. The stock’s 50-day moving average price is $114.17 and its 200-day moving average price is $104.85. Roku, Inc. has a 52 week low of $72.75 and a 52 week high of $133.46. The company has a market capitalization of $18.02 billion, a P/E ratio of 91.88 and a beta of 2.06.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer raised their price objective on Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. Benchmark raised their price objective on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. UBS Group set a $170.00 price objective on shares of Roku in a research report on Thursday, May 28th. Finally, Citigroup restated a “market outperform” rating on shares of Roku in a research report on Thursday, May 28th. Twenty-two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.29.

Institutional Trading of Roku

Several hedge funds have recently bought and sold shares of ROKU. AQR Capital Management LLC lifted its stake in Roku by 275.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after purchasing an additional 1,897,407 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Roku by 229.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after purchasing an additional 1,419,772 shares in the last quarter. Fred Alger Management LLC lifted its stake in Roku by 7,087.7% in the 4th quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after purchasing an additional 1,401,664 shares in the last quarter. 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. Finally, Norges Bank purchased a new stake in Roku in the 4th quarter worth $92,808,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku was highlighted in a bullish article that said the company is now in 100 million households worldwide and is positioning itself as a key destination for live sports content, including the addition of FOX One ahead of major World Cup coverage. Article Title
• Positive Sentiment: Investor sentiment remains supported by Roku’s recent earnings beat, with the company previously reporting stronger-than-expected revenue and EPS, which continues to reinforce the growth story behind the stock.
• Neutral Sentiment: Roku presented at the 2026 Evercore Global TMT Conference, which may have helped keep investor focus on the company’s growth strategy and outlook. Article Title
• Negative Sentiment: Several Roku insiders, including an SVP, CAO, director, and other executives, filed stock sales totaling thousands of shares. The sales were made under pre-arranged 10b5-1 plans and for tax withholding, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: Broader market pressure on growth stocks also hurt Roku, as rising Treasury yields compressed valuations and geopolitical uncertainty clouded the advertising outlook, both of which are important for a company tied to ad spending. Article Title

About Roku

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.