Roku, Inc. (NASDAQ:ROKU – Get Free Report) insider Gilbert Fuchsberg sold 4,824 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $155.64, for a total transaction of $750,807.36. Following the completion of the sale, the insider owned 40,168 shares in the company, valued at $6,251,747.52. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Gilbert Fuchsberg also recently made the following trade(s):
- On Thursday, August 6th, Gilbert Fuchsberg sold 10,719 shares of Roku stock. The shares were sold at an average price of $150.00, for a total transaction of $1,607,850.00.
Roku Stock Performance
ROKU traded up $0.61 during trading on Thursday, hitting $158.31. The stock had a trading volume of 2,026,749 shares, compared to its average volume of 2,195,726. The company has a market capitalization of $23.50 billion, a PE ratio of 67.65 and a beta of 2.05. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The stock has a 50 day simple moving average of $148.16 and a two-hundred day simple moving average of $124.48.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on ROKU shares. Seaport Research Partners cut shares of Roku from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 target price (down from $167.00) on shares of Roku in a research report on Friday, August 14th. Zacks Research raised Roku from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Citizens Jmp downgraded Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Piper Sandler lowered Roku from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $148.00 to $160.00 in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $156.17.
Read Our Latest Analysis on ROKU
Institutional Trading of Roku
Several large investors have recently made changes to their positions in ROKU. Bayban lifted its position in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Roku during the 4th quarter worth about $31,000. Elevation Wealth Partners LLC grew its position in Roku by 208.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares during the period. Osbon Capital Management LLC purchased a new position in shares of Roku during the 4th quarter valued at about $45,000. Finally, Rakuten Securities Inc. raised its stake in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after buying an additional 158 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.
Roku Company Profile
Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.
At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.
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