Roku Inc (ROKU) SVP Sells $142,050.00 in Stock

Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $47.35, for a total transaction of $142,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ ROKU traded up $0.77 during trading on Thursday, reaching $50.97. The company’s stock had a trading volume of 10,031,622 shares, compared to its average volume of 13,769,482. The firm has a market cap of $5.37 billion, a PE ratio of -22.75 and a beta of 3.66. Roku Inc has a twelve month low of $26.30 and a twelve month high of $77.57.

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Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Roku from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Zacks Investment Research lowered shares of Roku from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. KeyCorp cut their price target on shares of Roku from $81.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 19th. Citigroup cut their price target on shares of Roku from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, January 14th. Finally, BidaskClub upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.19.

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. FMR LLC increased its stake in Roku by 81.3% in the third quarter. FMR LLC now owns 5,415,683 shares of the company’s stock valued at $395,508,000 after purchasing an additional 2,428,836 shares during the period. Vanguard Group Inc increased its stake in Roku by 72.7% in the third quarter. Vanguard Group Inc now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after purchasing an additional 1,998,602 shares during the period. Vanguard Group Inc. increased its stake in Roku by 72.7% in the third quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after purchasing an additional 1,998,602 shares during the period. Morgan Stanley increased its stake in Roku by 378.4% in the third quarter. Morgan Stanley now owns 2,129,881 shares of the company’s stock valued at $155,544,000 after purchasing an additional 1,684,676 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Roku by 2,154.2% in the third quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock valued at $83,145,000 after purchasing an additional 1,087,991 shares during the period. Institutional investors own 46.08% of the company’s stock.

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Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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