Roku, Inc. (NASDAQ:ROKU – Get Free Report) CAO Matthew Banks sold 725 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.52, for a total value of $91,002.00. Following the completion of the transaction, the chief accounting officer owned 6,222 shares of the company’s stock, valued at approximately $780,985.44. This trade represents a 10.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Roku Trading Down 1.3%
ROKU traded down $1.58 during midday trading on Tuesday, reaching $124.44. The company’s stock had a trading volume of 2,822,132 shares, compared to its average volume of 3,312,268. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 93.57 and a beta of 2.04. Roku, Inc. has a 1 year low of $58.77 and a 1 year high of $127.90. The stock’s 50-day moving average is $101.11 and its 200-day moving average is $101.06.
Roku (NASDAQ:ROKU – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.68%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.19) earnings per share. As a group, equities research analysts forecast that Roku, Inc. will post 2.24 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ROKU. Raleigh Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 93 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 96 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of 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 increased its holdings in shares of 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 increased its holdings in shares of 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. 86.30% of the stock is owned by hedge funds and other institutional investors.
Key Roku News
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Q1 earnings beat — Roku reported stronger-than-expected Q1 revenue and EPS with platform revenue surging and record free cash flow, supporting the company’s ad/subscription monetization thesis. ROKU Shares Rise 6% on Q1 Earnings Beat, Revenues and EPS Up Y/Y
- Positive Sentiment: Content and distribution additions — Roku added 15 new free channels to its platform, which can increase engagement, ad inventory and potential ad revenue. Roku Just Added 15 New Channels — And They’re All Free
- Positive Sentiment: New low-cost subscription (Howdy) — Roku’s Howdy $3/month service is getting coverage as a viable low-price add-on that could drive ARPU and reduce churn if adoption scales. Here’s Why Howdy, Roku’s Low-Cost Streaming Service, Is Worth Your $3/Month
- Positive Sentiment: Structural cost/market tailwind — analysis suggests Roku’s low-memory hardware footprint may benefit it amid rising memory prices, potentially protecting margins vs. peers. How ROKU Stock Could Be One of the Biggest Winners of Sky-High Memory Prices
- Neutral Sentiment: Analyst update — Citigroup raised its price target to $120 but kept a “neutral” rating, signaling mixed analyst sentiment and implying limited near-term upside from that house. Benzinga coverage of analyst update
- Negative Sentiment: Class-action lawsuits alleging updates “bricked” TCL TVs running Roku software — multiple outlets report a new suit accusing Roku (with TCL) of shipping updates that rendered devices unusable; litigation and reputational risk could pressure the stock and lead to legal costs or remedial expenses. TCL and Roku sued for allegedly bricking TVs with updates Roku and TCL are being sued for allegedly bricking smart TVs ROKU and TCL accused of bricking TVs in new class action lawsuit
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.
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