Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood Sells 25,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Roku Stock Performance

ROKU stock opened at $74.69 on Friday. The stock has a market cap of $10.81 billion, a P/E ratio of -18.72 and a beta of 2.06. The firm has a 50 day simple moving average of $61.88 and a 200 day simple moving average of $60.73. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.76) EPS. Sell-side analysts predict that Roku, Inc. will post -1.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its stake in shares of Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares during the period. Finally, Cedar Wealth Management LLC bought a new stake in Roku in the 2nd quarter valued at $48,000. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

ROKU has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Roku from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, August 23rd. Macquarie dropped their target price on shares of Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Roku in a research report on Friday, August 2nd. Finally, Rosenblatt Securities cut their price target on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $78.25.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.