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SAN JOSE, Calif. - Matthew C. Banks, VP, Corp Controller & CAO of Roku , Inc. (NASDAQ: NASDAQ:ROKU), recently sold 3,360 shares of Class A Common Stock, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which occurred on August 4, 2025, involved a sale price of $85.05 per share, for a total value of $285768.
Following the sale, Banks directly owns 5,195 shares of Roku, Inc.
The transaction was signed by Renee Strandness, attorney-in-fact, and dated August 5, 2025.
In other recent news, Roku Inc. reported impressive financial results for Q2 2025, with earnings per share reaching $0.17, significantly surpassing the expected -$0.15. The company’s revenue also exceeded expectations, coming in at $1.21 billion compared to the anticipated $1.07 billion. This strong financial performance has driven market optimism. Additionally, Roku has launched a new ad-free streaming service called Howdy, priced at $2.99 per month, offering access to thousands of titles from major partners like Lionsgate and Warner Bros. Discovery (NASDAQ:WBD). This launch positions Roku competitively in the streaming market with a lower price point than many premium platforms. Furthermore, Citizens JMP reiterated its Market Outperform rating on Roku, maintaining a price target of $110.00. The firm emphasized Roku’s extensive market reach, noting its presence in over 50% of U.S. broadband households and its leadership in the U.S. TV operating system market. These recent developments highlight Roku’s strategic moves and financial achievements.
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