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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.48, for a total value of $192,960.00. Following the completion of the sale, the director owned 7,782 shares of the company’s stock, valued at approximately $750,807.36. This represents a 20.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Roku Price Performance

Shares of ROKU traded down $1.75 during mid-day trading on Wednesday, reaching $92.13. 3,763,186 shares of the company’s stock were exchanged, compared to its average volume of 3,001,399. The business’s fifty day simple moving average is $105.20 and its 200-day simple moving average is $99.08. The stock has a market capitalization of $13.61 billion, a PE ratio of -460.63 and a beta of 1.99. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC purchased a new stake in Roku during the fourth quarter worth about $26,000. Westfuller Advisors LLC acquired a new position in Roku during the third quarter worth about $30,000. WPG Advisers LLC purchased a new position in Roku in the fourth quarter valued at about $31,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Roku during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROKU. Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a research note on Sunday, December 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Roku in a research note on Friday, October 31st. Guggenheim lifted their target price on Roku from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley set a $135.00 target price on Roku and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Wedbush increased their price target on Roku from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Twenty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average target price of $119.29.

Roku Company Profile

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.