Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 546 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 546 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total transaction of $69,483.96. Following the completion of the transaction, the chief accounting officer owned 7,725 shares in the company, valued at $983,083.50. The trade was a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roku Price Performance

NASDAQ:ROKU opened at $122.20 on Thursday. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 91.88 and a beta of 2.06. The company’s 50-day moving average is $114.17 and its two-hundred day moving average is $104.85. Roku, Inc. has a 1-year low of $72.75 and a 1-year high of $133.46.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. Roku’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) EPS. As a group, equities analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Roku in the 4th quarter valued at approximately $26,000. Bayban increased its position in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of Roku in the 4th quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Roku in the 4th quarter valued at approximately $31,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku was highlighted in a bullish article that said the company is now in 100 million households worldwide and is positioning itself as a key destination for live sports content, including the addition of FOX One ahead of major World Cup coverage. Article Title
• Positive Sentiment: Investor sentiment remains supported by Roku’s recent earnings beat, with the company previously reporting stronger-than-expected revenue and EPS, which continues to reinforce the growth story behind the stock.
• Neutral Sentiment: Roku presented at the 2026 Evercore Global TMT Conference, which may have helped keep investor focus on the company’s growth strategy and outlook. Article Title
• Negative Sentiment: Several Roku insiders, including an SVP, CAO, director, and other executives, filed stock sales totaling thousands of shares. The sales were made under pre-arranged 10b5-1 plans and for tax withholding, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: Broader market pressure on growth stocks also hurt Roku, as rising Treasury yields compressed valuations and geopolitical uncertainty clouded the advertising outlook, both of which are important for a company tied to ad spending. Article Title

Analysts Set New Price Targets

Several equities analysts have weighed in on ROKU shares. Pivotal Research reiterated a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Roku in a report on Friday, May 1st. Rosenblatt Securities upped their price objective on shares of Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Guggenheim upped their price objective on shares of Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. KeyCorp upped their price objective on shares of Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, UBS Group set a $170.00 price objective on shares of Roku in a report on Thursday, May 28th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $145.29.

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.