Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 725 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 725 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 6,222 shares of the company’s stock, valued at $780,985.44. This trade represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Trading Down 1.3%

Shares of NASDAQ ROKU opened at $124.44 on Wednesday. Roku, Inc. has a twelve month low of $58.77 and a twelve month high of $127.90. The firm has a 50-day moving average of $101.11 and a two-hundred day moving average of $101.06. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 93.57 and a beta of 2.04.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted ($0.19) EPS. The company’s revenue was up 22.4% compared to the same quarter last year. As a group, research analysts predict that Roku, Inc. will post 2.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ROKU. AQR Capital Management LLC lifted its position in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after purchasing an additional 1,897,407 shares during the last quarter. Fred Alger Management LLC grew its holdings in Roku by 7,087.7% in the 4th quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock valued at $154,212,000 after buying an additional 1,401,664 shares during the last quarter. Holocene Advisors LP grew its holdings in Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after buying an additional 1,285,585 shares during the last quarter. Norges Bank bought a new position in Roku in the 4th quarter worth approximately $92,808,000. Finally, Alyeska Investment Group L.P. increased its position in Roku by 380.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 882,915 shares of the company’s stock worth $95,787,000 after buying an additional 699,336 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ROKU shares. Bank of America upped their price objective on shares of Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Moffett Nathanson reissued a “neutral” rating and set a $100.00 target price on shares of Roku in a research note on Friday, February 13th. Oppenheimer boosted their price target on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Stifel Nicolaus set a $160.00 price target on shares of Roku in a research note on Monday, March 2nd. Finally, KeyCorp increased their price objective on Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.17.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Q1 beat and strong platform metrics — Roku reported a quarter that topped estimates with platform revenue and EPS upside, plus record free cash flow, which fueled recent share gains. ROKU Shares Rise 6% on Q1 Earnings Beat
• Positive Sentiment: Content/platform expansion — Roku continues to add free channels (recent reports cite 15–34 new free channels), which can boost engagement and ad inventory over time. Roku just added 15 more free live streaming channels
• Neutral Sentiment: Insider selling under 10b5‑1 plans — Several insiders (including Charles Collier, Neil Hunt, Gilbert Fuchsberg and the CAO) disclosed sales totaling millions of dollars; trades were executed under pre‑arranged Rule 10b5‑1 plans, which reduces informational concern but can still pressure sentiment. SEC Form 4 (Collier)
• Neutral Sentiment: Analyst/street positioning — Citi raised its price target to $120 but kept a neutral rating; other outlets highlight Roku as a momentum/growth stock after the quarter. Mixed analyst notes can cap near-term upside. Citigroup price-target note
• Negative Sentiment: Class-action lawsuit/allegations of “bricking” TVs — Multiple outlets report a proposed suit accusing Roku (and TCL) of releasing software updates that allegedly rendered TVs unusable. Legal exposure, potential remediation costs and reputational damage are near-term risks. Proposed Class Action Suit Claims Faulty Roku, TCL Software Updates ‘Bricked’ TVs

Roku Company Profile

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.