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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total value of $281,300.00. Following the transaction, the director directly owned 9,629 shares of the company’s stock, valued at $1,354,318.85. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

NASDAQ:ROKU traded up $1.92 during trading hours on Thursday, hitting $142.43. The company’s stock had a trading volume of 5,464,981 shares, compared to its average volume of 3,894,649. The stock has a fifty day simple moving average of $127.18 and a 200-day simple moving average of $109.84. The company has a market capitalization of $21.00 billion, a P/E ratio of 107.09 and a beta of 2.01. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $148.88.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.19) earnings per share. On average, equities analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ROKU. Jefferies Financial Group Inc. purchased a new stake in shares of Roku in the fourth quarter worth approximately $1,345,000. Holocene Advisors LP boosted its position in shares of Roku by 352.3% during the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after buying an additional 1,285,585 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Roku during the third quarter worth $2,997,000. Magnetar Financial LLC bought a new stake in Roku during the third quarter worth $5,466,000. Finally, MH & Associates Securities Management Corp ADV purchased a new stake in Roku in the 4th quarter valued at $2,398,000. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ROKU. Weiss Ratings reiterated a “hold (c-)” rating on shares of Roku in a research report on Friday, May 15th. Piper Sandler lowered shares of Roku from an “overweight” rating to a “neutral” rating and raised their target price for the company from $148.00 to $160.00 in a research report on Tuesday, June 16th. Wells Fargo & Company boosted their target price on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Benchmark upped their price target on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $160.00 price target (up from $150.00) on shares of Roku in a research note on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, Roku presently has an average rating of “Hold” and a consensus price target of $153.71.

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.