Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells 206 Shares of Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 206 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $57.28, for a total transaction of $11,799.68. Following the sale, the chief accounting officer now directly owns 5,162 shares in the company, valued at approximately $295,679.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Roku Trading Down 1.4 %

Shares of NASDAQ ROKU traded down $0.84 during mid-day trading on Friday, reaching $59.11. The company had a trading volume of 3,896,204 shares, compared to its average volume of 5,783,768. Roku, Inc. has a 52 week low of $51.62 and a 52 week high of $108.84. The business's 50-day moving average is $62.17 and its 200-day moving average is $78.18. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -14.77 and a beta of 1.69.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The company had revenue of $881.50 million for the quarter, compared to analysts' expectations of $843.54 million. During the same period in the prior year, the business earned ($1.38) EPS. The firm's quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities research analysts forecast that Roku, Inc. will post -1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ROKU shares. Rosenblatt Securities restated a "neutral" rating and set a $89.00 target price on shares of Roku in a research report on Friday, April 26th. Pivotal Research lowered their price objective on Roku from $85.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, February 16th. Wedbush dropped their target price on Roku from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Stephens restated an "overweight" rating and issued a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Roku from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $82.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC grew its holdings in Roku by 200.3% during the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company's stock worth $2,903,000 after acquiring an additional 27,431 shares in the last quarter. Nordea Investment Management AB lifted its position in Roku by 8.2% during the fourth quarter. Nordea Investment Management AB now owns 7,247 shares of the company's stock valued at $669,000 after acquiring an additional 551 shares during the last quarter. Barclays PLC boosted its stake in Roku by 13.0% in the third quarter. Barclays PLC now owns 215,766 shares of the company's stock valued at $15,231,000 after acquiring an additional 24,765 shares in the last quarter. Deutsche Bank AG grew its holdings in Roku by 27.6% in the third quarter. Deutsche Bank AG now owns 154,729 shares of the company's stock worth $10,922,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Roku by 32.4% during the fourth quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company's stock worth $7,312,000 after purchasing an additional 19,543 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

About Roku

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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