Gilbert Fuchsberg Sells 4,376 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Gilbert Fuchsberg sold 4,376 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total transaction of $556,889.76. Following the completion of the sale, the insider owned 51,099 shares in the company, valued at $6,502,858.74. The trade was a 7.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Price Performance

Shares of Roku stock opened at $125.59 on Friday. The business’s fifty day moving average price is $114.77 and its two-hundred day moving average price is $105.03. The company has a market capitalization of $18.52 billion, a P/E ratio of 94.43 and a beta of 2.06. Roku, Inc. has a 1-year low of $73.65 and a 1-year high of $133.46.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data 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 net margin of 4.06% and a return on equity of 7.64%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned ($0.19) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. On average, research analysts expect that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ROKU. Blue Trust Inc. increased its position in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in Roku during the fourth quarter valued at about $26,000. Bayban boosted its holdings in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares during the period. WPG Advisers LLC acquired a new stake in shares of Roku in the fourth quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Roku in the fourth quarter worth about $31,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand The Roku Channel with new free live TV offerings, including Sports Illustrated and FIFA Plus channels, which should help drive engagement and ad-supported viewing. Article Title
• Positive Sentiment: Roku also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, underscoring management’s push to grow device sales and premium streaming adoption. Article Title
• Positive Sentiment: Multiple bullish articles highlighted Roku’s rising scale, including claims that the company is now in 100 million households worldwide and is better positioned for live sports and ad-supported streaming growth. Article Title
• Positive Sentiment: Coverage praising Roku’s expanding channel lineup and its $300 QLED smart TV suggests the company is strengthening its hardware-and-platform ecosystem. Article Title
• Neutral Sentiment: Roku’s presentation at the Evercore Global TMT Conference kept investors focused on the company’s strategy and outlook, but the transcript itself is not a direct catalyst. Article Title
• Negative Sentiment: Several insiders sold shares, including a director, SVP, CAO and another executive; the transactions were pre-planned and tied to tax withholding, but insider selling can still pressure sentiment. Article Title
• Negative Sentiment: A broader pullback in growth stocks, driven by higher Treasury yields and a softer advertising outlook, also weighed on Roku because its business is closely tied to ad spending. Article Title

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ROKU shares. Wells Fargo & Company raised their target price on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Oppenheimer boosted their price target on shares of Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Moffett Nathanson reissued a “neutral” rating and issued a $100.00 price target on shares of Roku in a report on Friday, February 13th. Robert W. Baird lifted their price objective on shares of Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Piper Sandler increased their target price on shares of Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.29.

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.