Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 554 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 554 shares of Roku stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $138.88, for a total value of $76,939.52. Following the completion of the sale, the chief accounting officer owned 7,171 shares of the company’s stock, valued at approximately $995,908.48. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

Shares of ROKU opened at $142.43 on Friday. The firm has a market cap of $21.00 billion, a PE ratio of 107.09 and a beta of 2.01. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $148.88. The business’s 50 day moving average price is $127.74 and its two-hundred day moving average price is $110.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business posted ($0.19) EPS. Roku’s revenue for the quarter 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 Ratings Changes

Several equities analysts have recently weighed in on ROKU shares. Citizens Jmp lowered shares of Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Evercore lowered Roku from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Benchmark upped their price target on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Susquehanna downgraded Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $153.71.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Roku by 10.6% during the 4th quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock valued at $310,298,000 after purchasing an additional 274,024 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Roku by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after purchasing an additional 168,214 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Roku by 229.5% in the first 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 during the last quarter. Holocene Advisors LP lifted its holdings in shares of Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Roku by 22.8% in the first quarter. Renaissance Technologies LLC now owns 1,565,100 shares of the company’s stock valued at $148,090,000 after purchasing an additional 290,200 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.