Roku, Inc. (ROKU) VP Sells $3,339,899.44 in Stock

Roku, Inc. (NASDAQ:ROKU) VP Chas Smith sold 87,272 shares of the business’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $38.27, for a total transaction of $3,339,899.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chas Smith also recently made the following trade(s):

  • On Wednesday, April 25th, Chas Smith sold 87,272 shares of Roku stock. The stock was sold at an average price of $31.95, for a total transaction of $2,788,340.40.
  • On Tuesday, March 27th, Chas Smith sold 120,000 shares of Roku stock. The stock was sold at an average price of $33.34, for a total transaction of $4,000,800.00.

Roku opened at $37.46 on Friday, Marketbeat.com reports. The firm has a market cap of $3.84 billion and a PE ratio of -16.72. Roku, Inc. has a 12-month low of $15.75 and a 12-month high of $58.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The firm had revenue of $136.58 million for the quarter, compared to analysts’ expectations of $127.55 million. During the same period last year, the firm posted ($1.79) earnings per share. Roku’s revenue for the quarter was up 36.5% on a year-over-year basis. research analysts anticipate that Roku, Inc. will post -0.34 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its position in Roku by 4.3% in the first quarter. Northern Trust Corp now owns 36,617 shares of the company’s stock valued at $1,139,000 after acquiring an additional 1,494 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Roku in the fourth quarter valued at $130,000. Thompson Davis & CO. Inc. lifted its position in Roku by 280.3% in the first quarter. Thompson Davis & CO. Inc. now owns 3,803 shares of the company’s stock valued at $118,000 after acquiring an additional 2,803 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Roku by 81.6% in the first quarter. Commonwealth Equity Services LLC now owns 7,928 shares of the company’s stock valued at $246,000 after acquiring an additional 3,562 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Roku by 75.0% in the first quarter. Stifel Financial Corp now owns 9,050 shares of the company’s stock valued at $281,000 after acquiring an additional 3,880 shares during the last quarter. 16.17% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on ROKU shares. ValuEngine upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Morgan Stanley raised shares of Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 price objective for the company in a research report on Tuesday. Vetr raised shares of Roku from a “hold” rating to a “strong-buy” rating and set a $50.50 price objective for the company in a research report on Thursday, February 22nd. BidaskClub cut shares of Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Roku to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $38.25.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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

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