Roku Inc (NASDAQ:ROKU) Director Alan S. Henricks Sells 5,000 Shares of Stock

Roku Inc (NASDAQ:ROKU) Director Alan S. Henricks sold 5,000 shares of Roku stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $150.00, for a total value of $750,000.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at $1,533,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ROKU traded up $8.40 during trading on Friday, hitting $157.10. The company’s stock had a trading volume of 1,799,962 shares, compared to its average volume of 19,353,006. Roku Inc has a twelve month low of $26.30 and a twelve month high of $176.55. The business’s fifty day simple moving average is $125.06 and its 200 day simple moving average is $112.37. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of -1,963.75 and a beta of 1.77.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.06. Roku had a negative return on equity of 9.79% and a negative net margin of 3.77%. The company had revenue of $260.90 million for the quarter, compared to analyst estimates of $257.64 million. During the same period last year, the company earned ($0.09) earnings per share. Roku’s quarterly revenue was up 50.5% compared to the same quarter last year. Equities research analysts forecast that Roku Inc will post -0.52 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co grew its holdings in Roku by 47.5% in the third quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares during the period. MCF Advisors LLC acquired a new stake in Roku in the third quarter valued at approximately $31,000. Catalyst Capital Advisors LLC grew its holdings in Roku by 59.4% in the third quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Executive Wealth Management LLC grew its holdings in Roku by 1,110.3% in the third quarter. Executive Wealth Management LLC now owns 351 shares of the company’s stock valued at $35,000 after purchasing an additional 322 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in Roku in the second quarter valued at approximately $43,000. 53.50% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Oppenheimer lifted their price target on Roku from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Guggenheim reduced their price target on Roku from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Pivotal Research assumed coverage on Roku in a research report on Friday, September 20th. They set a “sell” rating and a $60.00 price target for the company. BidaskClub upgraded Roku from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, DA Davidson lifted their price target on Roku from $135.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Four analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $120.78.

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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