Insider Selling: Roku Inc (NASDAQ:ROKU) SVP Sells 12,000 Shares of Stock

Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 12,000 shares of Roku stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $99.29, for a total value of $1,191,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Roku stock opened at $102.02 on Friday. Roku Inc has a 12-month low of $26.30 and a 12-month high of $106.12. The firm has a market cap of $11.89 billion, a P/E ratio of -1,275.25 and a beta of 2.43.

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 return on equity of 4.60% 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 quarter in the previous year, the firm earned ($0.07) earnings per share. The business’s revenue was up 51.3% on a year-over-year basis. On average, analysts forecast that Roku Inc will post -0.6 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ROKU. PNC Financial Services Group Inc. boosted its position in Roku by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. CWM LLC purchased a new position in Roku in the first quarter worth $32,000. James Investment Research Inc. purchased a new position in Roku in the first quarter worth $32,000. Capital Investment Advisory Services LLC purchased a new position in Roku in the fourth quarter worth $35,000. Finally, Wealthcare Advisory Partners LLC boosted its position in Roku by 1,000.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock worth $35,000 after purchasing an additional 500 shares during the last quarter. 50.52% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. BidaskClub upgraded Roku from a “buy” rating to a “strong-buy” rating in a report on Friday, May 24th. Stephens downgraded Roku from an “overweight” rating to an “equal weight” rating and set a $95.12 price objective for the company. in a report on Tuesday, May 28th. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $119.00 in a report on Wednesday, June 5th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective (up previously from $85.00) on shares of Roku in a report on Wednesday, May 29th. Finally, DA Davidson upped their price target on Roku from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $80.51.

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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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