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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of Roku stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $156.30, for a total transaction of $312,600.00. Following the completion of the sale, the director directly owned 9,629 shares in the company, valued at $1,505,012.70. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Up 0.4%

ROKU traded up $0.61 during trading hours on Thursday, hitting $158.31. The stock had a trading volume of 2,026,749 shares, compared to its average volume of 2,195,726. The stock has a market cap of $23.50 billion, a PE ratio of 67.65 and a beta of 2.05. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $159.89. The company’s fifty day simple moving average is $148.16 and its 200 day simple moving average is $124.48.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. As a group, equities analysts expect that Roku, Inc. will post 2.85 EPS for the current year.

Analyst Ratings Changes

ROKU has been the topic of several research analyst reports. Piper Sandler cut shares of Roku from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $148.00 to $160.00 in a report on Tuesday, June 16th. Weiss Ratings upgraded Roku from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. KeyCorp lowered Roku from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 15th. Susquehanna cut Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target on the stock. in a report on Tuesday, June 16th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price target (down from $167.00) on shares of Roku in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $156.17.

Institutional Investors Weigh In On Roku

A number of large investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its holdings in shares of Roku by 6.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock worth $144,000 after purchasing an additional 93 shares in the last quarter. Quantum Portfolio Management LLC lifted its position in Roku by 2.6% in the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after buying an additional 105 shares during the last quarter. HB Wealth Management LLC lifted its position in Roku by 3.7% in the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after buying an additional 122 shares during the last quarter. Quarry LP boosted its stake in Roku by 21.7% in the fourth quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after buying an additional 123 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its position in Roku by 2.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock valued at $648,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.