Jeffrey Blackburn Acquires Shares in Roku, Inc.

Jeffrey Blackburn recently purchased 1,847 shares of Roku, Inc. (NasdaqGS:ROKU) on June 11, 2026. The transaction did not disclose a specific value for the shares. This move comes as Roku's stock traded around $143.68.

Insider Buying and Selling at Roku, Inc.

Jeffrey Blackburn's acquisition of 1,847 shares on June 11, 2026, was one of several insider transactions at Roku. On June 12, 2026, CEO Anthony Wood both bought and sold 25,000 shares. The sale was at a planned price of $130. Mustafa Ozgen, President of Devices, sold 10,194 shares at $144 on the same date. Jeff Hastings also bought 1,745 shares on June 11, 2026.

Other Institutional Activity in Roku, Inc.

Several major institutional investors have been active in Roku, Inc. FMR LLC increased its stake by 3,331,410 shares, bringing its total to 17,011,060 shares valued at approximately $1.61 billion. BlackRock, Inc. added 483,241 shares, ending with 7,426,295 shares worth about $702.7 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions, holding 6,458,259 and 5,876,046 shares, respectively. ARK Investment Management LLC, however, reduced its stake by 2,061,333 shares, now holding 3,820,405 shares valued at $361.5 million.

Roku, Inc. Stock Down 10.3%

Shares of Roku, Inc. (NasdaqGS:ROKU) recently traded near $143.68. The company boasts a market cap of approximately $21.2 billion and a P/E ratio of 106.4, with a forward P/E of 40.3. Roku's beta is 2.027, indicating its volatility relative to the market. The stock's 52-week range spans from $73.91 to $148.88, with a 50-day moving average of $118.29 and a 200-day moving average of $103.95. Roku maintains a strong current ratio of 2.91 and a quick ratio of 2.709.

Recent Earnings

In its most recent earnings report, Roku, Inc. generated revenue of $4.97 billion, reflecting a growth rate of 22.4%. The company reported a net margin of 4.1% and a return on equity of 7.8%. Its earnings per share stood at $1.35. Investors are looking ahead to the next earnings release scheduled for April 30, 2026.

Analysts Set New Price Targets

Analysts have recently weighed in on Roku, Inc. Evercore ISI Group maintained its "buy" rating with a price target of $185 on June 12, 2026. Guggenheim also kept a "buy" rating, setting a target at $145 on June 9, 2026. Morgan Stanley reaffirmed its "buy" rating with a target of $170 on June 4, 2026. The consensus among 27 analysts is a "strong buy," with an average price target of $146.96.

About Roku, Inc.

Roku, Inc. operates a popular TV streaming platform in the United States and internationally. Headquartered in San Jose, California, the company offers both a platform for streaming content and a range of devices like Roku-branded TVs and audio products. Led by CEO Anthony J. Wood, Roku employs around 3,600 people and is part of the Communication Services sector, specifically within the Entertainment industry.

Bottom Line

Jeffrey Blackburn's purchase of Roku shares adds to the recent insider activity at the company. Investors keep a close eye on such moves, though it's important to note that insider transactions don't necessarily predict future stock performance. Roku continues to be a significant player in the streaming industry, and its stock is closely watched by analysts and institutional investors alike.