Roku Inc (ROKU) Director Sells $926,850.00 in Stock

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Roku Inc (NASDAQ:ROKU) Director Ray A. Rothrock sold 15,000 shares of Roku stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $61.79, for a total transaction of $926,850.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of ROKU stock traded up $0.82 on Monday, hitting $63.61. The company’s stock had a trading volume of 10,938,065 shares, compared to its average volume of 14,581,056. Roku Inc has a fifty-two week low of $26.30 and a fifty-two week high of $77.57. The firm has a market cap of $6.91 billion, a PE ratio of -795.13 and a beta of 3.90.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Roku had a negative net margin of 1.19% and a negative return on equity of 4.06%. The business had revenue of $275.74 million during the quarter, compared to analyst estimates of $262.57 million. Sell-side analysts anticipate that Roku Inc will post -0.7 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ROKU. FMR LLC lifted its stake in shares of Roku by 81.3% in the 3rd quarter. FMR LLC now owns 5,415,683 shares of the company’s stock valued at $395,508,000 after purchasing an additional 2,428,836 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Roku by 72.7% in the 3rd quarter. Vanguard Group Inc now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after purchasing an additional 1,998,602 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Roku by 72.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after purchasing an additional 1,998,602 shares during the last quarter. Morgan Stanley lifted its stake in shares of Roku by 378.4% in the 3rd quarter. Morgan Stanley now owns 2,129,881 shares of the company’s stock valued at $155,544,000 after purchasing an additional 1,684,676 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Roku by 2,154.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock valued at $83,145,000 after purchasing an additional 1,087,991 shares during the last quarter. 42.91% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Roku from a “hold” rating to a “sell” rating in a research note on Friday, November 30th. DA Davidson raised shares of Roku from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price (down previously from $85.00) on shares of Roku in a research note on Wednesday, December 12th. SunTrust Banks assumed coverage on shares of Roku in a research note on Monday, December 17th. They set a “hold” rating and a $36.00 target price for the company. Finally, KeyCorp decreased their target price on shares of Roku from $81.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.07.

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Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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