Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 728 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 728 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $96.02, for a total transaction of $69,902.56. Following the transaction, the chief accounting officer directly owned 6,947 shares in the company, valued at $667,050.94. The trade was a 9.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

Shares of NASDAQ:ROKU remained flat at $97.66 on Friday. 2,754,616 shares of the stock were exchanged, compared to its average volume of 2,651,226. 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 $14.40 billion, a PE ratio of 171.34 and a beta of 2.00. The business has a 50-day moving average price of $94.09 and a 200-day moving average price of $99.46.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.24) earnings per share. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of Roku

Several hedge funds have recently modified their holdings of ROKU. Blue Trust Inc. boosted its stake in shares of Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in Roku in the fourth quarter worth $26,000. Westfuller Advisors LLC acquired a new stake in Roku in the third quarter valued at $30,000. WPG Advisers LLC purchased a new stake in shares of Roku during the 4th quarter worth $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Roku during the 4th quarter worth $31,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Guggenheim boosted their target price on Roku from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target (up from $135.00) on shares of Roku in a report on Friday, February 13th. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. Zacks Research raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, Morgan Stanley set a $135.00 target price on shares of Roku and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.75.

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.