Roku Inc (NASDAQ:ROKU) Director Jeff Hastings sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $82.47, for a total transaction of $2,061,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jeff Hastings also recently made the following trade(s):
- On Thursday, May 9th, Jeff Hastings sold 15,000 shares of Roku stock. The stock was sold at an average price of $78.67, for a total transaction of $1,180,050.00.
- On Monday, April 15th, Jeff Hastings sold 6,000 shares of Roku stock. The stock was sold at an average price of $56.20, for a total transaction of $337,200.00.
- On Tuesday, April 2nd, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00.
- On Wednesday, March 6th, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00.
Shares of NASDAQ ROKU traded up $1.50 during mid-day trading on Thursday, reaching $84.33. The company’s stock had a trading volume of 9,461,967 shares, compared to its average volume of 13,881,238. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of -1,054.13 and a beta of 3.61. Roku Inc has a 1-year low of $26.30 and a 1-year high of $86.50.
A number of equities analysts have weighed in on the stock. Rosenblatt Securities restated a “neutral” rating on shares of Roku in a research report on Thursday, May 9th. BidaskClub upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Roku in a research report on Friday, February 15th. Morgan Stanley increased their target price on shares of Roku from $46.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, KeyCorp increased their target price on shares of Roku from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Roku presently has a consensus rating of “Buy” and a consensus price target of $73.98.
A number of institutional investors have recently added to or reduced their stakes in ROKU. PNC Financial Services Group Inc. increased its position in Roku by 100.0% during the first quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. We Are One Seven LLC acquired a new stake in Roku during the fourth quarter worth about $27,000. CWM LLC acquired a new stake in Roku during the first quarter worth about $32,000. James Investment Research Inc. acquired a new stake in Roku during the first quarter worth about $32,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Roku during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 44.86% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Roku Inc (ROKU) Director Jeff Hastings Sells 25,000 Shares” was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/4343306/roku-inc-roku-director-jeff-hastings-sells-25000-shares.html.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
Recommended Story: What is the Ex-Dividend Date in Investing?
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.