Roku, Inc. (NASDAQ:ROKU – Get Free Report) Director Neil Hunt sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $151.09, for a total transaction of $302,180.00. Following the sale, the director directly owned 9,629 shares in the company, valued at $1,454,845.61. The trade was a 17.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Roku Stock Up 0.7%
Shares of NASDAQ ROKU traded up $1.02 on Monday, reaching $153.41. 1,952,937 shares of the company’s stock traded hands, compared to its average volume of 3,368,155. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $159.89. The business’s 50 day simple moving average is $153.45 and its two-hundred day simple moving average is $133.35. The company has a market cap of $22.77 billion, a price-to-earnings ratio of 65.56 and a beta of 2.05.
Roku (NASDAQ:ROKU – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $0.07 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. Analysts forecast that Roku, Inc. will post 2.92 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Report on ROKU
Institutional Investors Weigh In On Roku
Several large investors have recently bought and sold shares of ROKU. CX Institutional lifted its stake in Roku by 44.1% during the 3rd quarter. CX Institutional now owns 281 shares of the company’s stock valued at $43,000 after acquiring an additional 86 shares during the period. QRG Capital Management Inc. grew its stake in shares of Roku by 13.9% in the second quarter. QRG Capital Management Inc. now owns 6,872 shares of the company’s stock worth $949,000 after acquiring an additional 841 shares during the period. HBK Investments L P bought a new stake in shares of Roku in the second quarter worth approximately $163,604,000. Sequoia Financial Advisors LLC raised its holdings in shares of Roku by 22.4% during the second quarter. Sequoia Financial Advisors LLC now owns 6,018 shares of the company’s stock valued at $831,000 after purchasing an additional 1,102 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in shares of Roku during the second quarter valued at approximately $5,111,000. 86.30% of the stock is currently owned by institutional investors.
Roku Company Profile
Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.
The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.
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