Roku (NASDAQ:ROKU) Stock: Insider Neil Hunt Sells 2,000 Shares

Key Points

• Director Neil Hunt sold 2,000 Roku shares at an average price of $151.09, generating $302,180. The Rule 10b5-1 transaction reduced his direct holdings by 17.2% to 9,629 shares.
• Roku shares rose 0.7% to $153.41, near their 12-month high of $159.89. The company recently exceeded earnings and revenue expectations, reporting $1.08 EPS and $1.35 billion in revenue, up 21.9% year over year.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $156.17; institutional investors own 86.3% of Roku’s outstanding shares.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) Director Neil Hunt sold 2,000 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $151.09, for a total transaction of $302,180.00. Following the sale, the director directly owned 9,629 shares in the company, valued at $1,454,845.61. The trade was a 17.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Up 0.7%

Shares of NASDAQ ROKU traded up $1.02 on Monday, reaching $153.41. 1,952,937 shares of the company's stock traded hands, compared to its average volume of 3,368,155. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $159.89. The business's 50 day simple moving average is $153.45 and its two-hundred day simple moving average is $133.35. The company has a market cap of $22.77 billion, a price-to-earnings ratio of 65.56 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $0.07 earnings per share. The business's revenue was up 21.9% on a year-over-year basis. Analysts forecast that Roku, Inc. will post 2.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wolfe Research cut Roku from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 16th. Citizens Jmp downgraded shares of Roku from a "market outperform" rating to a "hold" rating in a research report on Tuesday, June 16th. Evercore lowered shares of Roku from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. Zacks Research raised shares of Roku from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Finally, Susquehanna downgraded shares of Roku from a "positive" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $156.17.

Institutional Investors Weigh In On Roku

Several large investors have recently bought and sold shares of ROKU. CX Institutional lifted its stake in Roku by 44.1% during the 3rd quarter. CX Institutional now owns 281 shares of the company's stock valued at $43,000 after acquiring an additional 86 shares during the period. QRG Capital Management Inc. grew its stake in shares of Roku by 13.9% in the second quarter. QRG Capital Management Inc. now owns 6,872 shares of the company's stock worth $949,000 after acquiring an additional 841 shares during the period. HBK Investments L P bought a new stake in shares of Roku in the second quarter worth approximately $163,604,000. Sequoia Financial Advisors LLC raised its holdings in shares of Roku by 22.4% during the second quarter. Sequoia Financial Advisors LLC now owns 6,018 shares of the company's stock valued at $831,000 after purchasing an additional 1,102 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in shares of Roku during the second quarter valued at approximately $5,111,000. 86.30% of the stock is currently owned by institutional investors.

Roku Company Profile

Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.

The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.

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