Insider Selling: Roku (NASDAQ:ROKU) Insider Sells $5,052,700.00 in Stock

Key Points

• Roku insider Mustafa Ozgen sold 50,527 shares worth $5,052,700, at an average price of $100.00 per share.
• The company's most recent earnings report showed a profit of $0.07 EPS, beating estimates by $0.23, with a revenue of $1.11 billion.
• Analysts have increased price targets for Roku, with Susquehanna setting a target of $110.00 and JPMorgan adjusting theirs to $105.00, reflecting positive sentiment on the stock.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Mustafa Ozgen sold 50,527 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roku Price Performance

NASDAQ ROKU traded down $2.05 on Wednesday, hitting $94.94. 4,153,880 shares of the stock traded hands, compared to its average volume of 3,217,622. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96. The business's fifty day moving average is $90.77 and its two-hundred day moving average is $78.40.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of Roku

Large investors have recently bought and sold shares of the business. Garde Capital Inc. purchased a new stake in Roku during the first quarter worth about $25,000. Banque Transatlantique SA acquired a new stake in Roku during the 1st quarter worth $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku during the first quarter worth approximately $30,000. Golden State Wealth Management LLC increased its position in Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after acquiring an additional 247 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Roku during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ROKU. Susquehanna lifted their target price on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group increased their price target on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Wall Street Zen raised Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Citigroup reissued an "outperform" rating on shares of Roku in a research report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.