Insider Selling: Roku Inc (ROKU) Director Sells 15,000 Shares of Stock

Roku Inc (NASDAQ:ROKU) Director Jeff Hastings sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.67, for a total value of $1,180,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, April 15th, Jeff Hastings sold 6,000 shares of Roku stock. The stock was sold at an average price of $56.20, for a total value of $337,200.00.
  • 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 value of $140,000.00.
  • On Wednesday, March 6th, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total value of $140,000.00.

Shares of NASDAQ:ROKU opened at $79.45 on Tuesday. Roku Inc has a 1-year low of $26.30 and a 1-year high of $86.50. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of -993.13 and a beta of 3.61.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 5.29% and a negative net margin of 1.47%. The business had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $189.80 million. During the same period last year, the business earned ($0.07) EPS. The business’s revenue was up 51.3% on a year-over-year basis. On average, equities research analysts anticipate that Roku Inc will post -0.71 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC increased its holdings in Roku by 1,000.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock worth $35,000 after acquiring an additional 500 shares during the last quarter. Atika Capital Management LLC increased its holdings in Roku by 95.0% in the 1st quarter. Atika Capital Management LLC now owns 117,000 shares of the company’s stock worth $7,547,000 after acquiring an additional 57,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Roku by 13.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 29,783 shares of the company’s stock worth $1,922,000 after acquiring an additional 3,459 shares during the last quarter. Northern Trust Corp increased its holdings in Roku by 0.6% in the 1st quarter. Northern Trust Corp now owns 547,390 shares of the company’s stock worth $35,312,000 after acquiring an additional 3,028 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Roku by 8.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 23,386 shares of the company’s stock worth $1,508,000 after acquiring an additional 1,776 shares during the last quarter. Institutional investors and hedge funds own 42.58% of the company’s stock.

A number of equities analysts recently issued reports on ROKU shares. Citigroup cut their target price on Roku from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, January 14th. Zacks Investment Research cut Roku from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Loop Capital cut their target price on Roku to $40.00 and set a “hold” rating on the stock in a report on Tuesday, January 15th. BidaskClub upgraded Roku from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Roku in a report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Roku presently has an average rating of “Hold” and a consensus target price of $72.15.

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Roku Company Profile

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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Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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