Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells 206 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 206 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $57.28, for a total value of $11,799.68. Following the completion of the transaction, the chief accounting officer now owns 5,162 shares of the company’s stock, valued at approximately $295,679.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Roku Stock Performance

Shares of ROKU stock opened at $59.11 on Monday. Roku, Inc. has a one year low of $51.62 and a one year high of $108.84. The company’s fifty day moving average price is $62.07 and its 200-day moving average price is $78.31.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted ($1.38) EPS. Equities research analysts predict that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on ROKU shares. Pivotal Research lowered their price objective on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Jefferies Financial Group initiated coverage on shares of Roku in a research note on Thursday. They set an “underperform” rating and a $50.00 target price for the company. Wedbush reduced their target price on Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Piper Sandler reaffirmed a “neutral” rating and set a $65.00 price target (down from $81.00) on shares of Roku in a report on Friday, April 26th. Finally, Morgan Stanley reduced their price objective on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.50.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. raised its stake in shares of Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares in the last quarter. GSA Capital Partners LLP increased its position in Roku by 70.4% during the 1st quarter. GSA Capital Partners LLP now owns 15,540 shares of the company’s stock valued at $1,013,000 after purchasing an additional 6,420 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in shares of Roku by 25.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after purchasing an additional 1,455,408 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Roku by 411.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 46,689 shares of the company’s stock worth $3,042,000 after purchasing an additional 37,552 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Roku by 8.2% during the first quarter. Nordea Investment Management AB now owns 7,842 shares of the company’s stock valued at $516,000 after purchasing an additional 595 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

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.