Insider Selling: Roku (NASDAQ:ROKU) CAO Sells 2,180 Shares of Stock

Key Points

• Roku's Chief Accounting Officer, Matthew Banks, sold 2,180 shares of the company's stock at an average price of $97.85, resulting in a total transaction value of $213,313.
• The company reported a revenue of $1.11 billion for the last quarter, surpassing consensus estimates and reflecting a 14.7% year-over-year increase.
• Roku's stock has received positive ratings from several brokerages, with two analysts rating it as a Strong Buy and an average target price of $98.96.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew Banks sold 2,180 shares of Roku stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the completion of the transaction, the chief accounting officer directly owned 5,355 shares in the company, valued at approximately $523,986.75. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roku Stock Performance

Shares of NASDAQ ROKU traded down $1.32 during mid-day trading on Thursday, hitting $97.15. The stock had a trading volume of 3,644,815 shares, compared to its average volume of 3,168,355. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $104.96. The business has a 50 day moving average price of $89.98 and a two-hundred day moving average price of $78.28. The firm has a market cap of $14.31 billion, a P/E ratio of -231.31, a price-to-earnings-growth ratio of 13.78 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued 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 net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned ($0.18) earnings per share. The firm'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. Equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROKU. Citigroup reissued an "outperform" rating on shares of Roku in a research report on Monday, August 25th. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Guggenheim upped their price target on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price target on shares of Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, KeyCorp upped their price target on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $98.96.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. Garde Capital Inc. purchased a new stake in Roku in the 1st quarter worth approximately $25,000. Banque Transatlantique SA bought a new stake in Roku in the first quarter worth $28,000. Beaird Harris Wealth Management LLC bought a new stake in Roku in the first quarter worth $30,000. Golden State Wealth Management LLC lifted its position in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in Roku in the first quarter worth $35,000. 86.30% of the stock is 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.

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