Roku (NASDAQ:ROKU) Stock Price Down 2.7% on Insider Selling

Roku, Inc. (NASDAQ:ROKU)’s stock price was down 2.7% on Monday after an insider sold shares in the company. The stock traded as low as $98.66 and last traded at $99.05. Approximately 3,536,546 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 3,931,103 shares. The stock had previously closed at $101.78.

Specifically, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $94.52, for a total transaction of $283,560.00. Following the completion of the transaction, the chief financial officer directly owned 83,420 shares in the company, valued at $7,884,858.40. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

ROKU has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on shares of Roku from $100.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. UBS Group increased their price objective on shares of Roku from $72.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their price objective on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, KeyCorp increased their price objective on shares of Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.33.

Roku Trading Down 0.1%

The business’s 50 day moving average price is $92.38 and its two-hundred day moving average price is $79.29. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of -235.71, a P/E/G ratio of 13.86 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company posted ($0.18) EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently made changes to their positions in the stock. American Trust acquired a new stake in shares of Roku in the 2nd quarter valued at approximately $213,000. Marex Group plc acquired a new stake in Roku during the 2nd quarter worth approximately $2,538,000. Advisory Services Network LLC boosted its position in Roku by 5.5% during the 2nd quarter. Advisory Services Network LLC now owns 22,146 shares of the company’s stock worth $2,085,000 after buying an additional 1,162 shares during the period. State of Wyoming boosted its position in Roku by 353.3% during the 2nd quarter. State of Wyoming now owns 10,448 shares of the company’s stock worth $918,000 after buying an additional 8,143 shares during the period. Finally, Hudson Bay Capital Management LP boosted its position in Roku by 1,417.2% during the 2nd quarter. Hudson Bay Capital Management LP now owns 384,000 shares of the company’s stock worth $33,750,000 after buying an additional 358,690 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.