Roku (NASDAQ:ROKU) Stock Price Down 5.4% After Insider Selling – MarketBeat

This post was originally published on this site

Roku Inc (NASDAQ:ROKU)’s share price was down 5.4% on Friday following insider selling activity. The company traded as low as $107.62 and last traded at $108.51, approximately 11,973,589 shares were traded during trading. A decline of 7% from the average daily volume of 12,943,256 shares. The stock had previously closed at $114.70.

Specifically, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $83.37, for a total transaction of $2,917,950.00. Following the transaction, the chief executive officer now directly owns 71,592 shares in the company, valued at $5,968,625.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott A. Rosenberg sold 1,687 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $112.39, for a total transaction of $189,601.93. Following the transaction, the vice president now owns 47,561 shares in the company, valued at $5,345,380.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,872 shares of company stock worth $17,649,686. 22.70% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on ROKU shares. ValuEngine upgraded shares of Roku from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. DA Davidson decreased their price objective on shares of Roku from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Pivotal Research reiterated a “sell” rating and issued a $60.00 price objective on shares of Roku in a report on Thursday, May 7th. Wedbush upped their price objective on shares of Roku from $86.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $160.00 price objective on shares of Roku in a report on Monday, April 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $132.20.

(Ad)

Jeff Brown, a former Silicon Valley CEO, holds live event off-campus of Yale University for a select audience to reveal new “5G Device”

The company’s 50-day moving average is $112.27 and its two-hundred day moving average is $123.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.60 and a quick ratio of 2.49. The firm has a market cap of $14.04 billion, a P/E ratio of -123.31 and a beta of 1.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.45) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.01. Roku had a negative net margin of 8.43% and a negative return on equity of 18.24%. The business had revenue of $320.77 million during the quarter, compared to analysts’ expectations of $309.23 million. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Roku’s revenue was up 55.2% compared to the same quarter last year. On average, analysts expect that Roku Inc will post -1.65 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Roku by 1.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,988 shares of the company’s stock worth $436,000 after acquiring an additional 78 shares during the last quarter. Utah Retirement Systems lifted its holdings in shares of Roku by 0.6% in the fourth quarter. Utah Retirement Systems now owns 16,300 shares of the company’s stock worth $2,183,000 after acquiring an additional 100 shares during the last quarter. Parkwood LLC lifted its holdings in shares of Roku by 1.2% in the fourth quarter. Parkwood LLC now owns 8,489 shares of the company’s stock worth $1,137,000 after acquiring an additional 101 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Roku by 17.1% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $66,000 after acquiring an additional 110 shares during the last quarter. Finally, Navellier & Associates Inc lifted its holdings in shares of Roku by 5.7% in the first quarter. Navellier & Associates Inc now owns 2,396 shares of the company’s stock worth $210,000 after acquiring an additional 130 shares during the last quarter. 56.97% of the stock is owned by institutional investors and hedge funds.

About Roku (NASDAQ:ROKU)

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

Featured Article: Risk Tolerance

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Stocks That Risk-Averse Investors Can Buy Now

If the title of this presentation piqued your interest, then you understand that there’s no such thing as risk-free investing. And that’s particularly true when you’re investing in stocks. The truth is sometimes the best thing that can happen is that your portfolio performs less badly than the market.

The goal of the risk-averse investor is not to avoid stocks, it’s to ensure that you retain the capital you gain, even if that means your portfolio does not grow as fast or as far as more aggressive stocks. You have to have a very low FOMO (fear of missing out) level.

With that in mind, there are still ways you can profit from this market without throwing caution to the wind. One is to look for stocks that have a low beta. Beta is a measure of a stock’s volatility in comparison to the rest of the market. A stock with a beta of 1, for example, means that investors can expect the price movement of the stock to be closely correlated to the market. A beta of more than 1 means the stock price will be more volatile (higher highs but lower lows).

What you’re looking for is a beta of less than 1. This means that the stock is less volatile than the broader market. While this may mean lower highs, it also generally means lower lows.

And many of these stocks are in defensive sectors. This means that their performance is consistent under both good and bad economic conditions.

View the “7 Stocks That Risk-Averse Investors Can Buy Now”.

This post was originally published on *this site*