Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells $14,649.39 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 207 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $70.77, for a total value of $14,649.39. Following the transaction, the chief accounting officer now directly owns 7,049 shares in the company, valued at approximately $498,857.73. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Roku Trading Up 1.2 %

Shares of ROKU opened at $71.42 on Thursday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The firm’s 50-day moving average price is $80.64 and its 200-day moving average price is $77.62. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of -80.25 and a beta of 2.17.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Roku

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the period. Vanguard Group Inc. boosted its stake in Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after acquiring an additional 185,676 shares in the last quarter. Marshall Wace LLP grew its holdings in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock valued at $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock valued at $159,353,000 after purchasing an additional 56,820 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ROKU. Pivotal Research upgraded shares of Roku from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $125.00 in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday, March 23rd. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research note on Tuesday, March 4th. Finally, Compass Point started coverage on Roku in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and a consensus price target of $96.55.

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.