Roku (NASDAQ:ROKU) Stock Price Down 0.3% After Insider Selling

Roku, Inc. (NASDAQ:ROKU) shares fell 0.3% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $75.39 and last traded at $76.28. 537,523 shares were traded during trading, a decline of 81% from the average session volume of 2,776,946 shares. The stock had previously closed at $76.53.

Specifically, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ROKU shares. Moffett Nathanson lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, January 10th. Wells Fargo & Company increased their price target on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Macquarie restated an “outperform” rating and set a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group lowered their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roku has an average rating of “Hold” and a consensus target price of $82.62.

Roku Stock Up 1.0 %

The firm’s 50-day simple moving average is $76.74 and its 200 day simple moving average is $70.66. The stock has a market capitalization of $11.02 billion, a P/E ratio of -63.24 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.33) EPS. As a group, equities analysts anticipate that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

Several large investors have recently modified their holdings of ROKU. Raelipskie Partnership acquired a new stake in shares of Roku during the third quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Roku during the 3rd quarter worth about $43,000. GS Investments Inc. lifted its stake in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new position in shares of Roku in the second quarter worth about $48,000. 86.30% of the stock is 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.