Roku (NASDAQ:ROKU) Director Sells $302,180.00 in Stock

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $151.09, for a total value of $302,180.00. Following the completion of the transaction, the director owned 9,629 shares in the company, valued at approximately $1,454,845.61. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

Shares of ROKU traded up $1.02 during trading hours on Monday, hitting $153.41. The stock had a trading volume of 1,952,937 shares, compared to its average volume of 3,368,155. The firm has a market capitalization of $22.77 billion, a PE ratio of 65.56 and a beta of 2.05. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $159.89. The stock has a fifty day moving average price of $153.45 and a 200 day moving average price of $133.35.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.47. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.30 billion. Roku had a return on equity of 13.73% and a net margin of 6.82%.Roku’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. As a group, analysts anticipate that Roku, Inc. will post 2.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROKU shares. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Wells Fargo & Company reissued an “equal weight” rating and set a $165.00 price target (down from $167.00) on shares of Roku in a report on Friday, August 14th. UBS Group upped their price target on Roku from $126.00 to $172.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on Roku in a research note on Monday, August 24th. They issued a “neutral” rating and a $160.00 price objective on the stock. Finally, Citizens Jmp cut Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $156.17.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in Roku by 229.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after buying an additional 1,419,772 shares in the last quarter. HBK Investments L P bought a new position in shares of Roku in the second quarter worth about $163,604,000. Fred Alger Management LLC boosted its stake in shares of Roku by 7,087.7% in the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after acquiring an additional 1,401,664 shares during the period. Renaissance Technologies LLC grew its position in shares of Roku by 22.8% during the first quarter. Renaissance Technologies LLC now owns 1,565,100 shares of the company’s stock worth $148,090,000 after purchasing an additional 290,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Roku by 24.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,162,051 shares of the company’s stock worth $109,953,000 after purchasing an additional 230,398 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.

The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.