Roku (NASDAQ:ROKU) Insider Gilbert Fuchsberg Sells 3,250 Shares

Roku, Inc. (NASDAQ:ROKU) insider Gilbert Fuchsberg sold 3,250 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $108.78, for a total value of $353,535.00. Following the completion of the sale, the insider directly owned 59,094 shares of the company’s stock, valued at approximately $6,428,245.32. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Roku Stock Performance

ROKU stock opened at $109.03 on Tuesday. The company has a market capitalization of $16.11 billion, a PE ratio of -545.12 and a beta of 1.98. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66. The company’s 50 day moving average price is $99.26 and its two-hundred day moving average price is $93.08.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) EPS. On average, research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price target on Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Jefferies Financial Group upgraded shares of Roku from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $135.00 in a report on Thursday. Wedbush raised their price target on shares of Roku from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Guggenheim upped their price objective on shares of Roku from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Pivotal Research raised their target price on Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and a consensus price target of $116.09.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently bought and sold shares of ROKU. Berkshire Capital Holdings Inc. grew its position in Roku by 1,413,400.0% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company’s stock valued at $9,957,000 after acquiring an additional 141,340 shares during the last quarter. Atika Capital Management LLC purchased a new stake in Roku in the 1st quarter valued at about $5,086,000. West Tower Group LLC grew its stake in Roku by 128.6% in the 2nd quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock worth $703,000 after acquiring an additional 4,500 shares in the last quarter. Woodline Partners LP increased its position in shares of Roku by 1,056.3% during the first quarter. Woodline Partners LP now owns 306,429 shares of the company’s stock worth $21,585,000 after acquiring an additional 279,929 shares during the period. Finally, Diversified Trust Co increased its position in shares of Roku by 73.6% during the second quarter. Diversified Trust Co now owns 20,548 shares of the company’s stock worth $1,806,000 after acquiring an additional 8,710 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.