Roku (NASDAQ:ROKU) Director Sells $192,960.00 in Stock

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.48, for a total value of $192,960.00. Following the completion of the transaction, the director directly owned 7,782 shares of the company’s stock, valued at $750,807.36. The trade was a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Roku Price Performance

ROKU traded down $1.75 during trading on Wednesday, reaching $92.13. 3,763,186 shares of the stock were exchanged, compared to its average volume of 3,001,399. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of -460.63 and a beta of 1.99. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $116.66. The business’s 50 day moving average price is $105.20 and its two-hundred day moving average price is $99.08.

Hedge Funds Weigh In On Roku

Several institutional investors have recently added to or reduced their stakes in ROKU. Empowered Funds LLC boosted its stake in Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after buying an additional 515 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Roku during the 1st quarter worth about $229,000. QRG Capital Management Inc. boosted its position in shares of Roku by 62.5% in the second quarter. QRG Capital Management Inc. now owns 5,800 shares of the company’s stock worth $510,000 after acquiring an additional 2,231 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Roku by 12.5% in the second quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the company’s stock worth $333,000 after acquiring an additional 422 shares during the last quarter. Finally, True Vision MN LLC grew its holdings in Roku by 3.3% in the second quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock valued at $487,000 after purchasing an additional 179 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on ROKU. Guggenheim raised their target price on shares of Roku from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wells Fargo & Company reiterated an “overweight” rating on shares of Roku in a research report on Monday, January 5th. Piper Sandler upgraded Roku from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $88.00 to $135.00 in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a report on Thursday, January 22nd. Finally, Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a report on Sunday, December 7th. Twenty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and a consensus target price of $119.29.

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.