Matthew Banks Sells 552 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 552 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $146.25, for a total transaction of $80,730.00. Following the transaction, the chief accounting officer owned 6,619 shares of the company’s stock, valued at approximately $968,028.75. This represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

ROKU opened at $150.07 on Friday. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 112.84 and a beta of 2.01. The company has a fifty day moving average of $137.93 and a 200 day moving average of $116.04. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $150.61.

Analyst Ratings Changes

ROKU has been the topic of a number of research analyst reports. Benchmark boosted their target price on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citigroup raised their price target on Roku from $120.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, July 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $160.00 price objective (up from $150.00) on shares of Roku in a research note on Tuesday, June 16th. Wolfe Research cut Roku from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Finally, Jefferies Financial Group downgraded Roku from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a research report on Monday, June 15th. Ten analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, Roku has an average rating of “Hold” and an average target price of $155.12.

Institutional Trading of Roku

Several hedge funds have recently made changes to their positions in ROKU. Bank of New York Mellon Corp purchased a new position in Roku in the second quarter worth about $105,216,000. Ballast Inc. purchased a new stake in Roku during the second quarter valued at approximately $222,000. Handelsbanken Fonder AB raised its position in Roku by 12.5% during the second quarter. Handelsbanken Fonder AB now owns 41,400 shares of the company’s stock valued at $5,719,000 after purchasing an additional 4,600 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Roku in the 2nd quarter valued at approximately $1,184,000. Finally, Legacy Wealth Asset Management LLC bought a new stake in shares of Roku in the 2nd quarter valued at approximately $325,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported adjusted earnings of $1.08 per share, well above the approximately $0.60–$0.61 analyst consensus, while revenue rose 21.9% year over year to $1.35 billion, exceeding estimates of about $1.30 billion. Net income reached $164 million, compared with $0.07 per share in the year-ago quarter. Reuters earnings report
• Positive Sentiment: The revenue beat was driven by strength in advertising and subscriptions, reinforcing Roku’s platform business as its primary growth engine and supporting the investment case for its streaming ecosystem. Yahoo Finance advertising and subscriptions report
• Positive Sentiment: The results arrive ahead of Fox Corporation’s planned $22 billion acquisition of Roku, potentially increasing investor confidence in the strategic value of Roku’s streaming distribution platform. Roku second-quarter results release
• Neutral Sentiment: Because the Fox transaction is pending, Roku did not hold an earnings call or provide financial guidance. This limits visibility into the company’s standalone outlook and makes the acquisition terms and closing timeline more important to shareholders. Benzinga earnings coverage
• Negative Sentiment: Several insiders, including President Charles Collier, Director Neil Hunt and Chief Accounting Officer Matthew Banks, recently sold shares under pre-arranged Rule 10b5-1 plans. The sales may create modest sentiment pressure, although they were scheduled transactions rather than clear discretionary signals. Roku insider sale report

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.