Roku (NASDAQ:ROKU) Shares Down 2.3% After Insider Selling

Roku, Inc. (NASDAQ:ROKU)’s share price traded down 2.3% during trading on Thursday after an insider sold shares in the company. The company traded as low as $90.61 and last traded at $90.99. 3,312,891 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 3,789,350 shares. The stock had previously closed at $93.10.

Specifically, CFO Dan Jedda sold 3,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $99.09, for a total value of $297,270.00. Following the completion of the transaction, the chief financial officer directly owned 77,420 shares in the company, valued at $7,671,547.80. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charles Collier sold 14,361 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $94.99, for a total value of $1,364,151.39. Following the sale, the insider directly owned 200 shares in the company, valued at approximately $18,998. The trade was a 98.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Roku news, CAO Matthew C. Banks sold 719 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $95.09, for a total transaction of $68,369.71. Following the completion of the transaction, the chief accounting officer directly owned 7,285 shares of the company’s stock, valued at approximately $692,730.65. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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 report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research report on Friday, October 31st. Pivotal Research upped their price target on shares of Roku from $120.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Roku in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $111.14.

Roku Trading Down 2.3%

The stock has a market cap of $13.44 billion, a price-to-earnings ratio of -454.93 and a beta of 2.18. The company has a fifty day simple moving average of $99.53 and a 200-day simple moving average of $89.05.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted ($0.06) earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of Roku

A number of hedge funds have recently modified their holdings of ROKU. Caerus Investment Advisors LLC acquired a new stake in shares of Roku in the third quarter worth $615,000. Captrust Financial Advisors lifted its stake in Roku by 253.3% in the 3rd quarter. Captrust Financial Advisors now owns 15,755 shares of the company’s stock worth $1,578,000 after acquiring an additional 11,296 shares in the last quarter. Danske Bank A S acquired a new stake in Roku during the 3rd quarter worth about $456,000. Advisory Services Network LLC boosted its position in Roku by 85.7% during the 3rd quarter. Advisory Services Network LLC now owns 41,136 shares of the company’s stock worth $4,119,000 after acquiring an additional 18,990 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in Roku by 6.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 8,143 shares of the company’s stock valued at $815,000 after acquiring an additional 512 shares in 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.