Insider Selling: Roku Inc (NASDAQ:ROKU) Director Sells $45,183.96 in Stock

Roku Inc (NASDAQ:ROKU) Director Mai Fyfield sold 306 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $147.66, for a total value of $45,183.96. Following the sale, the director now owns 1,049 shares of the company’s stock, valued at approximately $154,895.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mai Fyfield also recently made the following trade(s):

  • On Monday, July 27th, Mai Fyfield sold 3,680 shares of Roku stock. The stock was sold at an average price of $154.99, for a total value of $570,363.20.
  • On Wednesday, June 24th, Mai Fyfield sold 306 shares of Roku stock. The stock was sold at an average price of $127.13, for a total value of $38,901.78.
  • On Thursday, May 28th, Mai Fyfield sold 1,035 shares of Roku stock. The stock was sold at an average price of $105.63, for a total value of $109,327.05.
  • On Tuesday, May 26th, Mai Fyfield sold 629 shares of Roku stock. The stock was sold at an average price of $110.00, for a total value of $69,190.00.

ROKU stock opened at $154.89 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.49 and a debt-to-equity ratio of 0.24. The firm has a market cap of $18.58 billion, a P/E ratio of -176.01 and a beta of 1.83. Roku Inc has a 12-month low of $58.22 and a 12-month high of $176.55. The stock’s 50 day simple moving average is $134.90 and its 200 day simple moving average is $118.00.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.01. The business had revenue of $320.77 million for the quarter, compared to analyst estimates of $309.23 million. Roku had a negative return on equity of 18.24% and a negative net margin of 8.43%. The business’s revenue was up 55.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. On average, research analysts forecast that Roku Inc will post -1.77 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Roku during the 2nd quarter valued at approximately $55,000. Benjamin Edwards Inc. raised its position in shares of Roku by 154.0% during the 1st quarter. Benjamin Edwards Inc. now owns 315 shares of the company’s stock valued at $28,000 after acquiring an additional 191 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of Roku during the 1st quarter valued at approximately $32,000. CENTRAL TRUST Co raised its position in shares of Roku by 33.9% during the 2nd quarter. CENTRAL TRUST Co now owns 395 shares of the company’s stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Roku by 710.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 397 shares of the company’s stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. 59.22% of the stock is currently owned by institutional investors and hedge funds.

ROKU has been the subject of a number of analyst reports. Berenberg Bank initiated coverage on Roku in a report on Thursday, April 16th. They issued a “buy” rating and a $137.00 price target for the company. BidaskClub cut Roku from a “hold” rating to a “sell” rating in a report on Thursday, May 28th. Stephens restated a “hold” rating and issued a $105.00 price target on shares of Roku in a report on Wednesday, June 3rd. Benchmark upped their price target on Roku from $153.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Needham & Company LLC initiated coverage on Roku in a report on Thursday, June 18th. They issued a “buy” rating and a $150.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Roku currently has a consensus rating of “Hold” and a consensus target price of $136.48.

About Roku

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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