Tue Sep 17 06:48:50 UTC 2024: ## Roku Stock Dips on Insider Selling, Analyst Opinions Diverge

**New York, NY (MarketBeat News) -** Shares of Roku, Inc. (NASDAQ: ROKU) fell by 2.5% during Monday’s midday trading, attributed to insider selling activity. The stock dropped as low as $72.80 before closing at $72.80. The decline comes despite a generally positive outlook for the company from analysts.

CEO Anthony Wood sold 25,000 shares of Roku stock on Thursday, September 12th at an average price of $75.00, totaling $1,875,000.00. Similarly, insider Charles Collier sold 15,454 shares for a total of $1,159,050.00 on the same day.

Despite the insider selling, several brokerages maintain a positive view on Roku. Needham & Company LLC and Benchmark reaffirmed their “buy” ratings, setting price targets of $100.00 and $105.00 respectively. Wolfe Research upgraded Roku to an “outperform” rating, setting a $93.00 target price. However, Macquarie cut their price objective to $72.00, while Rosenblatt Securities downgraded the stock to “neutral” with a $61.00 target price.

Roku reported earnings on Thursday, August 1st, exceeding analyst expectations with a revenue of $968.18 million and a net loss of $0.24 per share. While the company saw a 14.3% increase in revenue year-over-year, several hedge funds and institutional investors adjusted their positions in Roku during recent quarters.

Overall, the market sentiment surrounding Roku remains mixed. While some analysts remain optimistic about the company’s future, the recent insider selling and diverse analyst opinions may contribute to continued stock volatility.

**Disclaimer:** This news article summarizes information from MarketBeat News. It does not provide financial advice and should not be interpreted as a recommendation to buy or sell any securities. Investors should conduct their own research and seek professional advice before making any investment decisions.

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