Roku Inc (NASDAQ:ROKU) Director Sells $337,200.00 in Stock

Roku Inc (NASDAQ:ROKU) Director Jeff Hastings sold 6,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $56.20, for a total value of $337,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jeff Hastings also recently made the following trade(s):

  • On Tuesday, April 2nd, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00.
  • On Wednesday, March 6th, Jeff Hastings sold 2,000 shares of Roku stock. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00.

Shares of ROKU traded up $1.52 during midday trading on Friday, hitting $84.69. 14,375,869 shares of the company traded hands, compared to its average volume of 13,719,551. The stock has a market cap of $7.15 billion, a PE ratio of -1,058.63 and a beta of 3.61. Roku Inc has a one year low of $26.30 and a one year high of $83.35.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.15. Roku had a negative net margin of 1.19% and a negative return on equity of 4.06%. The company had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $189.80 million. During the same period in the prior year, the business earned ($0.07) earnings per share. Roku’s revenue for the quarter was up 51.3% compared to the same quarter last year. Equities analysts expect that Roku Inc will post -0.71 earnings per share for the current year.

Several brokerages recently commented on ROKU. DA Davidson upped their target price on Roku to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Roku in a research note on Friday, February 15th. SunTrust Banks increased their price objective on shares of Roku to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. They noted that the move was a valuation call. BidaskClub raised shares of Roku from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Susquehanna Bancshares assumed coverage on shares of Roku in a research report on Monday, April 22nd. They issued a “positive” rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.15.

Several institutional investors have recently modified their holdings of ROKU. Vanguard Group Inc. grew its holdings in Roku by 72.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock worth $346,737,000 after acquiring an additional 1,998,602 shares during the last quarter. Strs Ohio boosted its holdings in Roku by 3,687.9% in the fourth quarter. Strs Ohio now owns 125,000 shares of the company’s stock valued at $3,830,000 after acquiring an additional 121,700 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Roku in the third quarter worth approximately $3,164,000. Norges Bank bought a new position in shares of Roku in the fourth quarter worth approximately $14,477,000. Finally, Canada Pension Plan Investment Board bought a new position in Roku in the 4th quarter valued at approximately $9,228,000. Hedge funds and other institutional investors own 42.58% of the company’s stock.

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About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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