Roku Inc (NASDAQ:ROKU) SVP Sells $968,933.00 in Stock

Roku Inc (NASDAQ:ROKU) SVP Mustafa Ozgen sold 9,989 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $97.00, for a total value of $968,933.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of ROKU traded up $0.79 during mid-day trading on Monday, reaching $91.37. 5,474,992 shares of the company’s stock traded hands, compared to its average volume of 13,087,369. The firm’s 50-day moving average is $94.36. The stock has a market capitalization of $10.27 billion, a PE ratio of -1,142.13 and a beta of 2.05. Roku Inc has a 12 month low of $26.30 and a 12 month high of $108.32.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.15. The firm had revenue of $206.70 million during the quarter, compared to analyst estimates of $189.80 million. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) EPS. On average, research analysts expect that Roku Inc will post -0.57 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Roku by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Rhumbline Advisers boosted its holdings in Roku by 0.6% in the 1st quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock worth $3,608,000 after buying an additional 340 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Roku by 37.6% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,554 shares of the company’s stock worth $100,000 after buying an additional 425 shares during the last quarter. James Investment Research Inc. purchased a new position in Roku in the 1st quarter worth approximately $32,000. Finally, CWM LLC purchased a new position in Roku in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 50.49% of the company’s stock.

A number of brokerages have recently weighed in on ROKU. Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a research report on Thursday, May 9th. BidaskClub lowered Roku from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Guggenheim restated a “neutral” rating and issued a $72.00 target price (down previously from $77.00) on shares of Roku in a research note on Thursday, April 4th. Wedbush raised their target price on Roku from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Finally, DA Davidson lifted their price objective on Roku to $92.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $82.87.

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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