Roku (NASDAQ:ROKU) Insider Sells $556,889.76 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Gilbert Fuchsberg sold 4,376 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total value of $556,889.76. Following the completion of the transaction, the insider directly owned 51,099 shares in the company, valued at approximately $6,502,858.74. This represents a 7.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

Gilbert Fuchsberg also recently made the following trade(s):

• On Friday, May 1st, Gilbert Fuchsberg sold 9,593 shares of Roku stock. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36.

Roku Stock Performance

NASDAQ:ROKU opened at $122.26 on Friday. The stock has a fifty day moving average price of $115.32 and a 200-day moving average price of $105.15. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 91.93 and a beta of 2.06. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $133.46.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted ($0.19) EPS. The company’s revenue was up 22.4% compared to the same quarter last year. Research analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities raised their price objective on Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Oppenheimer raised their price objective on Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Needham & Company LLC raised their price objective on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $160.00 price objective on Roku in a research report on Monday, March 2nd. Finally, Moffett Nathanson restated a “neutral” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, February 13th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.29.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Institutional Trading of Roku

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Roku in the 4th quarter valued at $26,000. Bayban increased its stake in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter valued at $31,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Roku in the 4th quarter valued at $31,000. Institutional investors own 86.30% of the company’s stock.

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.