Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 731 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 731 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $95.64, for a total transaction of $69,912.84. Following the sale, the chief accounting officer directly owned 6,554 shares of the company’s stock, valued at $626,824.56. This represents a 10.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Roku Trading Down 0.5%

ROKU opened at $92.53 on Thursday. The company’s fifty day moving average price is $98.94 and its two-hundred day moving average price is $91.09. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66. The company has a market cap of $13.67 billion, a price-to-earnings ratio of -467.97 and a beta of 1.98.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS. As a group, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

ROKU has been the topic of several research analyst reports. Piper Sandler upgraded Roku from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $88.00 to $135.00 in a research note on Monday, November 3rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Roku in a research report on Friday, October 31st. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research note on Friday, October 31st. Evercore ISI restated a “positive” rating on shares of Roku in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Banque Transatlantique SA purchased a new position in Roku in the 1st quarter worth approximately $28,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku during the 1st quarter worth $30,000. Westfuller Advisors LLC purchased a new position in Roku in the third quarter worth $30,000. Root Financial Partners LLC bought a new position in Roku in the third quarter valued at $33,000. Finally, Rakuten Securities Inc. increased its position in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

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.