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Matthew C. Banks, Vice President and Corporate Controller at Roku , Inc. (NASDAQ:ROKU), executed a stock sale as part of his 10b5-1 trading plan. According to a recent SEC filing, Banks sold 210 shares of Roku's Class A common stock on January 2, 2025, at a price of $75.14 per share, totaling $15,779. The transaction occurred as Roku, currently valued at $11.2 billion, trades near $77, with InvestingPro analysis indicating the stock is fairly valued. Following this transaction, Banks holds 6,843 shares in the company. With a volatile stock that has traded between $48 and $100 over the past year, InvestingPro subscribers can access detailed insider trading patterns and 7 additional key insights about Roku's financial health and market position.
In other recent news, Roku Inc. has been the focus of several key developments. The company recently reported a significant milestone, surpassing $1 billion in total net revenue for the first time, primarily driven by a 15% increase in platform revenue. Loop Capital and UBS have maintained a neutral stance on Roku, despite the potential challenges posed by the development of a competing TV operating system by The Trade Desk (NASDAQ:TTD).
Benchmark and Needham reaffirmed their Buy ratings on Roku shares, with both firms projecting that Roku could be acquired at a significant premium within the next year. Speculation of a potential merger between Roku and The Trade Desk has also been a topic of discussion, with Guggenheim analyst Michael Morris suggesting such a merger would be advantageous for both entities.
Despite the potential challenges, Roku's integration into TTD's Demand-Side Platform (DSP) could potentially aid its platform revenue growth. These are recent developments that investors should be aware of.
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