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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $122.11, for a total transaction of $244,220.00. Following the sale, the director directly owned 7,782 shares of the company’s stock, valued at approximately $950,260.02. The trade was a 20.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

Shares of ROKU stock opened at $124.44 on Wednesday. Roku, Inc. has a 1 year low of $58.77 and a 1 year high of $127.90. The firm has a fifty day moving average price of $101.11 and a 200-day moving average price of $101.06. The company has a market cap of $18.35 billion, a price-to-earnings ratio of 93.57 and a beta of 2.04.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data 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. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. Equities research analysts expect that Roku, Inc. will post 2.28 EPS for the current year.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of recent research reports. UBS Group reissued an “outperform” rating and set a $145.00 price objective on shares of Roku in a research report on Friday. Rosenblatt Securities upped their target price on shares of Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Susquehanna upped their target price on shares of Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, May 1st. Finally, Moffett Nathanson reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Roku in a report on Friday, February 13th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.17.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its holdings in 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 buying an additional 93 shares during the period. Apollon Wealth Management LLC boosted its holdings in Roku by 1.5% in the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after buying an additional 96 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Roku by 3.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock worth $273,000 after purchasing an additional 100 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Roku by 1.0% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after purchasing an additional 100 shares in the last quarter. Finally, Quantum Portfolio Management LLC lifted its stake 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 purchasing an additional 105 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Q1 beat and strong platform metrics — Roku reported a quarter that topped estimates with platform revenue and EPS upside, plus record free cash flow, which fueled recent share gains. ROKU Shares Rise 6% on Q1 Earnings Beat
• Positive Sentiment: Content/platform expansion — Roku continues to add free channels (recent reports cite 15–34 new free channels), which can boost engagement and ad inventory over time. Roku just added 15 more free live streaming channels
• Neutral Sentiment: Insider selling under 10b5‑1 plans — Several insiders (including Charles Collier, Neil Hunt, Gilbert Fuchsberg and the CAO) disclosed sales totaling millions of dollars; trades were executed under pre‑arranged Rule 10b5‑1 plans, which reduces informational concern but can still pressure sentiment. SEC Form 4 (Collier)
• Neutral Sentiment: Analyst/street positioning — Citi raised its price target to $120 but kept a neutral rating; other outlets highlight Roku as a momentum/growth stock after the quarter. Mixed analyst notes can cap near-term upside. Citigroup price-target note
• Negative Sentiment: Class-action lawsuit/allegations of “bricking” TVs — Multiple outlets report a proposed suit accusing Roku (and TCL) of releasing software updates that allegedly rendered TVs unusable. Legal exposure, potential remediation costs and reputational damage are near-term risks. Proposed Class Action Suit Claims Faulty Roku, TCL Software Updates ‘Bricked’ TVs

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.