SVP General Counsel Kay H sold 12.1K ROKU shares at $55.59; stock down 49.5% from 52-week high.
KAY STEPHEN H sold 12,124 shares at $55.59 on 2024-06-13, reducing holdings by 11.7%. The stock has since declined 12.2% over 30 days and 16.4% over 90 days from transaction date. His prior ROKU sale on 2023-07-31 showed 90-day returns of -38.5%, establishing a pattern where his sales at this ticker have preceded declines. However, ROKU is currently trading at $53.97, down 49.5% from its 52-week high of $106.87, and the company posted a net loss of $-50.9M on revenue of $881.5M in the latest quarter despite 11.4% annual revenue growth. The combination of executive selling ahead of stock weakness and persistent unprofitability warrants investor attention.