Insider Selling: Roku (NASDAQ:ROKU) CAO Sells 728 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 728 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $96.02, for a total transaction of $69,902.56. Following the completion of the sale, the chief accounting officer owned 6,947 shares in the company, valued at $667,050.94. The trade was a 9.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

Shares of ROKU stock remained flat at $97.66 on Friday. 2,754,616 shares of the company were exchanged, compared to its average volume of 2,651,226. The stock has a market cap of $14.40 billion, a P/E ratio of 171.34 and a beta of 2.00. The company’s fifty day moving average price is $94.09 and its 200 day moving average price is $99.46. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $116.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.Roku’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned ($0.24) earnings per share. On average, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in Roku by 21.2% during the fourth quarter. Hsbc Holdings PLC now owns 16,733 shares of the company’s stock worth $1,837,000 after buying an additional 2,929 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Roku by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 286,721 shares of the company’s stock worth $31,106,000 after acquiring an additional 2,221 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of Roku during the fourth quarter worth approximately $45,000. World Investment Advisors acquired a new position in shares of Roku in the 4th quarter valued at $291,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Roku by 75.1% in the 4th quarter. Corient Private Wealth LLC now owns 26,841 shares of the company’s stock valued at $2,912,000 after acquiring an additional 11,508 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROKU. Stifel Nicolaus set a $160.00 price target on Roku in a report on Monday, March 2nd. Pivotal Research raised their price objective on shares of Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, February 16th. UBS Group restated a “neutral” rating and set a $110.00 price objective on shares of Roku in a research report on Friday, February 13th. Morgan Stanley set a $135.00 target price on shares of Roku and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Roku from a “hold” rating to a “buy” rating in a research report on Sunday, December 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.