Mustafa Ozgen Sells 10,194 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the transaction, the insider directly owned 19,185 shares of the company’s stock, valued at approximately $2,762,640. The trade was a 34.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Up 20.1%

Shares of ROKU opened at $143.66 on Friday. Roku, Inc. has a 12-month low of $73.91 and a 12-month high of $148.88. The business has a 50-day simple moving average of $118.73 and a two-hundred day simple moving average of $106.23. The stock has a market cap of $21.18 billion, a PE ratio of 108.02 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities research analysts expect that Roku, Inc. will post 2.41 EPS for the current year.

Institutional Investors Weigh In On Roku

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC acquired a new stake in Roku during the fourth quarter worth approximately $26,000. Bayban grew its stake in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares during the period. WPG Advisers LLC acquired a new stake in Roku during the fourth quarter worth approximately $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Roku during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ROKU shares. Evercore reissued an “outperform” rating and issued a $185.00 price target on shares of Roku in a research note on Friday. Robert W. Baird increased their price target on Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Guggenheim increased their price target on Roku from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and an average price target of $146.96.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

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.