Roku (NASDAQ:ROKU) Stock Price Down 2.7% Following Insider Selling

Roku, Inc. (NASDAQ:ROKU) shares were down 2.7% on Monday after an insider sold shares in the company. The stock traded as low as $98.66 and last traded at $99.05. Approximately 3,536,546 shares changed hands during trading, a decline of 10% from the average daily volume of 3,931,103 shares. The stock had previously closed at $101.78.

Specifically, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction on Monday, September 15th. The shares were sold at an average price of $94.52, for a total value of $283,560.00. Following the completion of the sale, the chief financial officer owned 83,420 shares in the company, valued at $7,884,858.40. This represents a 3.47% decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of equities research analysts have commented on ROKU shares. Piper Sandler lifted their target price on Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, July 10th. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Pivotal Research lifted their target price on Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. UBS Group lifted their target price on Roku from $72.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Roku Stock Performance

The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of -235.83, a PEG ratio of 14.25 and a beta of 2.05. The company has a 50 day moving average of $92.18 and a 200 day moving average of $79.15.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted ($0.18) EPS. Roku’s revenue for the quarter was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Garde Capital Inc. acquired a new position in Roku during the 1st quarter worth $25,000. Banque Transatlantique SA acquired a new position in shares of Roku during the 1st quarter worth about $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Roku during the 1st quarter worth about $30,000. Golden State Wealth Management LLC boosted its position in shares of Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after acquiring an additional 247 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Roku during the 1st quarter worth about $35,000. 86.30% of the stock is owned by institutional investors and hedge funds.

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.