Insider Selling: Roku, Inc. (NASDAQ:ROKU) Insider Sells $155,747.52 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Gidon Katz sold 1,968 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $79.14, for a total value of $155,747.52. Following the sale, the insider now directly owns 22,572 shares of the company’s stock, valued at $1,786,348.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Roku Price Performance

ROKU stock opened at $76.26 on Monday. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of -16.16 and a beta of 1.76. The company has a 50-day moving average of $80.04 and a two-hundred day moving average of $68.03. Roku, Inc. has a 52-week low of $38.26 and a 52-week high of $98.44.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, July 27th. The company reported ($0.76) earnings per share for the quarter, beating the consensus estimate of ($1.28) by $0.52. Roku had a negative return on equity of 25.15% and a negative net margin of 20.54%. The firm had revenue of $847.20 million during the quarter, compared to the consensus estimate of $774.65 million. During the same quarter in the prior year, the company earned ($0.82) EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Roku, Inc. will post -5.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup downgraded shares of Roku from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $105.00 in a research report on Thursday, August 3rd. Susquehanna restated a “positive” rating and issued a $95.00 target price on shares of Roku in a report on Thursday, September 7th. Benchmark upped their price target on Roku from $89.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Morgan Stanley raised their price objective on Roku from $50.00 to $55.00 and gave the stock an “underweight” rating in a research report on Monday, July 31st. Finally, Oppenheimer upped their target price on Roku from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.17.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. MetLife Investment Management LLC acquired a new position in shares of Roku during the first quarter valued at about $955,000. Synovus Financial Corp raised its holdings in Roku by 45.2% in the 1st quarter. Synovus Financial Corp now owns 3,501 shares of the company’s stock valued at $448,000 after acquiring an additional 1,090 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Roku by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,224 shares of the company’s stock worth $11,806,000 after acquiring an additional 2,130 shares during the period. Cetera Investment Advisers grew its holdings in shares of Roku by 32.5% during the 1st quarter. Cetera Investment Advisers now owns 10,620 shares of the company’s stock worth $1,330,000 after purchasing an additional 2,605 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of Roku by 8.6% during the first quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock valued at $235,000 after purchasing an additional 148 shares during the period. 69.21% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.