Roku Inc (ROKU) Director Sells $1,180,050.00 in Stock

Roku Inc (NASDAQ:ROKU) Director Jeff Hastings sold 15,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.67, for a total value of $1,180,050.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jeff Hastings also recently made the following trade(s):

  • On Monday, April 15th, Jeff Hastings sold 6,000 shares of Roku stock. The stock was sold at an average price of $56.20, for a total value of $337,200.00.
  • On Tuesday, April 2nd, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total value of $140,000.00.
  • On Wednesday, March 6th, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total value of $140,000.00.

NASDAQ:ROKU opened at $82.83 on Wednesday. Roku Inc has a fifty-two week low of $26.30 and a fifty-two week high of $86.50. The stock has a market cap of $8.74 billion, a PE ratio of -1,035.38 and a beta of 3.61.



Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 5.29% 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 business posted ($0.07) EPS. Roku’s revenue for the quarter was up 51.3% on a year-over-year basis. On average, analysts forecast that Roku Inc will post -0.71 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in ROKU. JPMorgan Chase & Co. raised its position in Roku by 2,154.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock valued at $83,145,000 after buying an additional 1,087,991 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Roku in the 3rd quarter valued at approximately $5,455,000. Man Group plc acquired a new stake in Roku in the 3rd quarter valued at approximately $1,342,000. AQR Capital Management LLC acquired a new stake in Roku in the 3rd quarter valued at approximately $3,164,000. Finally, Teachers Advisors LLC raised its position in Roku by 11.0% in the 3rd quarter. Teachers Advisors LLC now owns 477,069 shares of the company’s stock valued at $34,840,000 after buying an additional 47,310 shares during the last quarter. 42.58% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on ROKU. Rosenblatt Securities restated a “neutral” rating on shares of Roku in a report on Thursday, May 9th. BidaskClub upgraded Roku from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Loop Capital reduced their target price on Roku to $40.00 and set a “hold” rating on the stock in a report on Tuesday, January 15th. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Roku in a report on Friday, February 15th. Finally, Morgan Stanley lifted their price objective on Roku from $46.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.15.

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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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