Roku (NASDAQ:ROKU) Stock Price Down 2.4% on Insider Selling

Roku, Inc. (NASDAQ:ROKU)’s share price fell 2.4% on Friday following insider selling activity. The stock traded as low as $98.71 and last traded at $102.30. 5,212,946 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 3,837,699 shares. The stock had previously closed at $104.82.

Specifically, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $106.61, for a total value of $213,220.00. Following the sale, the director directly owned 7,782 shares in the company, valued at $829,639.02. The trade was a 20.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 15,404 shares of Roku stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $104.71, for a total value of $1,612,952.84. Following the completion of the transaction, the insider owned 200 shares of the company’s stock, valued at approximately $20,942. This trade represents a 98.72% decrease in their position. The SEC filing for this sale provides additional information. In related news, insider Charles Collier sold 118,088 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $115.00, for a total transaction of $13,580,120.00. Following the sale, the insider owned 200 shares in the company, valued at approximately $23,000. This represents a 99.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ROKU shares. Guggenheim increased their target price on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Evercore ISI restated a “positive” rating on shares of Roku in a research report on Friday, October 31st. Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Roku in a research note on Monday, October 27th. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research note on Friday, October 31st. Finally, Benchmark restated a “buy” rating on shares of Roku in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.18.

Roku Stock Performance

The firm has a market capitalization of $15.07 billion, a PE ratio of -511.47, a P/E/G ratio of 5.24 and a beta of 2.18. The stock has a fifty day moving average price of $98.86 and a 200-day moving average price of $86.63.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Roku has set its Q4 2025 guidance at EPS. Research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Roku by 9.5% in the third quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock worth $112,000 after purchasing an additional 97 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Roku by 3.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock worth $273,000 after purchasing an additional 100 shares in the last quarter. Aviance Capital Partners LLC grew its stake in Roku by 2.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock worth $418,000 after buying an additional 106 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its position in Roku by 1.8% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,233 shares of the company’s stock valued at $624,000 after buying an additional 113 shares in the last quarter. Finally, Lecap Asset Management Ltd. raised its stake in Roku by 2.6% in the third quarter. Lecap Asset Management Ltd. now owns 4,905 shares of the company’s stock valued at $491,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.