Roku VP Matthew Banks Sells $91,000 in Stock Amid Strong Earnings Report
Roku VP, CAO Matthew Banks sells $91,002 in stock
Investing Australia
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Matthew C. Banks, Vice President and Chief Accounting Officer at Roku, Inc. (NASDAQ: ROKU), sold $91,002 worth of shares on May 1, 2026. This sale comes as Roku's stock approaches its 52-week high, following a strong earnings report that exceeded Wall Street expectations.
- 01Matthew C. Banks sold 725 shares of Roku, Inc. for $91,002 on May 1, 2026.
- 02Roku's stock is trading near its 52-week high of $127.90, with a 106% return over the past year.
- 03The sale was made under a 10b5-1 plan, and Banks retains 6,222 shares.
- 04Roku reported impressive first-quarter 2026 earnings, with an EPS of $0.57, surpassing expectations.
- 05Analysts have raised their price targets for Roku following the strong earnings report.
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Matthew C. Banks, the Vice President and Chief Accounting Officer at Roku, Inc. (NASDAQ: ROKU), recently sold 725 shares of the company’s Class A Common Stock for $91,002 on May 1, 2026. This transaction occurred as Roku's stock trades close to its 52-week high of $127.90, reflecting a remarkable 106% return over the past year. The shares were sold under a 10b5-1 plan, and following this sale, Banks directly holds 6,222 shares of Roku. In recent developments, Roku reported strong first-quarter 2026 earnings, achieving an earnings per share (EPS) of $0.57, which exceeded the expected $0.32, marking a 78.13% surprise. Revenue reached $1.25 billion, surpassing the anticipated $1.2 billion. Following these results, several analysts adjusted their price targets for Roku, with Evercore ISI raising its target to $160 and Piper Sandler to $148, reflecting positive sentiment regarding Roku's performance.
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