Insider Selling: Roku (NASDAQ:ROKU) Insider Sells 50,527 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) insider Mustafa Ozgen sold 50,527 shares of Roku stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Roku Stock Down 1.9%

ROKU opened at $94.52 on Friday. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of -225.05, a PEG ratio of 13.49 and a beta of 2.05. The firm has a 50-day moving average price of $91.06 and a 200-day moving average price of $78.49. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ROKU shares. Wells Fargo & Company lifted their target price on shares of Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Guggenheim raised their price objective on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Needham & Company LLC raised their price objective on shares of Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, UBS Group raised their price objective on shares of Roku from $72.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Institutional Investors Weigh In On Roku

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Roku by 1.4% during the second quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company’s stock valued at $1,114,077,000 after purchasing an additional 172,221 shares during the last quarter. Acadian Asset Management LLC lifted its position in Roku by 41.2% during the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock valued at $236,545,000 after purchasing an additional 785,864 shares during the last quarter. Tableaux LLC bought a new stake in shares of Roku in the 2nd quarter worth approximately $1,746,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Roku by 21.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company’s stock worth $111,372,000 after acquiring an additional 284,323 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Roku by 149.8% in the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company’s stock worth $90,017,000 after acquiring an additional 726,077 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.