Roku Inc (ROKU) Director Sells $1,513,200.00 in Stock

Roku Inc (NASDAQ:ROKU) Director Alan S. Henricks sold 26,000 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $58.20, for a total value of $1,513,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ROKU traded up $0.41 on Tuesday, reaching $55.79. 11,709,700 shares of the company’s stock traded hands, compared to its average volume of 6,329,109. The company has a market capitalization of $5.78 billion and a price-to-earnings ratio of -24.91. Roku Inc has a 52-week low of $15.75 and a 52-week high of $60.65.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Roku by 10.2% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,381 shares of the company’s stock valued at $613,000 after acquiring an additional 1,328 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Roku by 17.7% in the second quarter. Commonwealth Equity Services LLC now owns 9,331 shares of the company’s stock worth $398,000 after buying an additional 1,403 shares during the last quarter. Northern Trust Corp increased its position in Roku by 4.3% in the first quarter. Northern Trust Corp now owns 36,617 shares of the company’s stock worth $1,139,000 after buying an additional 1,494 shares during the last quarter. Capital Impact Advisors LLC increased its position in Roku by 6.4% in the second quarter. Capital Impact Advisors LLC now owns 38,316 shares of the company’s stock worth $1,595,000 after buying an additional 2,291 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased 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 worth $118,000 after buying an additional 2,803 shares during the last quarter. 18.16% of the stock is owned by institutional investors.



ROKU has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective (up from $50.00) on shares of Roku in a research note on Monday, July 23rd. Zacks Investment Research downgraded Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Morgan Stanley raised Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 price target for the company in a research report on Tuesday, May 29th. BidaskClub raised Roku from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, UBS Group raised Roku from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 3rd. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.68.

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.

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

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