Roku (NASDAQ:ROKU) Director Neil Hunt Sells 2,000 Shares

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the completion of the transaction, the director directly owned 9,629 shares in the company, valued at $1,354,318.85. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Trading Up 1.4%

Shares of ROKU opened at $142.43 on Friday. The company has a market cap of $21.00 billion, a price-to-earnings ratio of 107.09 and a beta of 2.01. The business’s fifty day simple moving average is $127.74 and its two-hundred day simple moving average is $110.09. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $148.88.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results 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. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share. As a group, research analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Institutional Trading of Roku

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler cut shares of Roku from an “overweight” rating to a “neutral” rating and upped their target price for the company from $148.00 to $160.00 in a research note on Tuesday, June 16th. Rosenblatt Securities increased their price objective on shares of Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. William Blair cut shares of Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Morgan Stanley boosted their target price on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Robert W. Baird restated a “neutral” rating and issued a $160.00 price target on shares of Roku in a research note on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $153.71.

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.