Roku, Inc. (NASDAQ:ROKU) CEO Sells $1,994,250.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Roku Stock Performance

Shares of ROKU stock opened at $76.53 on Thursday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $99.80. The stock has a market cap of $11.11 billion, a PE ratio of -63.77 and a beta of 2.05. The business’s fifty day moving average is $76.64 and its 200-day moving average is $70.53.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.33) EPS. Equities research analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Rosenblatt Securities raised their price target on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roku presently has a consensus rating of “Hold” and a consensus target price of $82.62.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently modified their holdings of the business. Raelipskie Partnership acquired a new stake in shares of Roku in the third quarter worth $32,000. EverSource Wealth Advisors LLC boosted 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 worth $40,000 after buying an additional 375 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Roku in the third quarter worth $43,000. GS Investments Inc. boosted its position in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Roku in the second quarter worth $48,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Company Profile

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.