Roku (NASDAQ:ROKU) Stock Price Down 2.3% Following Insider Selling

Roku, Inc. (NASDAQ:ROKU)’s stock price dropped 2.3% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $92.21 and last traded at $93.10. Approximately 2,308,095 shares traded hands during trading, a decline of 39% from the average daily volume of 3,791,423 shares. The stock had previously closed at $95.27.

Specifically, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $99.09, for a total value of $297,270.00. Following the completion of the transaction, the chief financial officer owned 77,420 shares in the company, valued at $7,671,547.80. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charles Collier sold 14,361 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $94.99, for a total value of $1,364,151.39. Following the sale, the insider owned 200 shares in the company, valued at approximately $18,998. The trade was a 98.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, CAO Matthew C. Banks sold 719 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $95.09, for a total value of $68,369.71. Following the transaction, the chief accounting officer directly owned 7,285 shares of the company’s stock, valued at approximately $692,730.65. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROKU. Evercore ISI reaffirmed a “positive” rating on shares of Roku in a report on Friday, October 31st. Susquehanna reissued a “positive” rating and set a $130.00 price target on shares of Roku in a research report on Friday, October 31st. Morgan Stanley reaffirmed an “underweight” rating on shares of Roku in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of Roku from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.14.

Roku Price Performance

The business’s fifty day simple moving average is $99.40 and its two-hundred day simple moving average is $89.29. The company has a market cap of $13.79 billion, a PE ratio of -466.58 and a beta of 2.18.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Roku by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after acquiring an additional 322,858 shares during the period. Acadian Asset Management LLC raised its position in Roku by 41.2% during the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock worth $236,545,000 after acquiring an additional 785,864 shares during the period. AQR Capital Management LLC lifted its holdings in Roku by 275.5% during the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after purchasing an additional 1,897,407 shares in the last quarter. Tableaux LLC acquired a new stake in shares of Roku in the second quarter valued at about $1,746,000. Finally, Holocene Advisors LP increased its stake in shares of Roku by 352.3% during the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Company Profile

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.