Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 75,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $109.61, for a total value of $8,220,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Roku Stock Performance

ROKU stock traded down $2.96 during mid-day trading on Wednesday, hitting $107.55. 3,093,855 shares of the company were exchanged, compared to its average volume of 3,188,955. The firm has a market cap of $15.89 billion, a P/E ratio of -537.72 and a beta of 1.95. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66. The firm’s 50 day simple moving average is $104.27 and its 200 day simple moving average is $97.70.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ROKU. Aventura Private Wealth LLC acquired a new stake in shares of Roku in the 4th quarter valued at approximately $26,000. Westfuller Advisors LLC bought a new position in Roku in the 3rd quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new stake in Roku in the third quarter valued at approximately $33,000. Rakuten Securities Inc. grew its stake in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after buying an additional 158 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Roku by 327.1% during the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after buying an additional 350 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ROKU shares. Piper Sandler upgraded Roku from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $88.00 to $135.00 in a research note on Monday, November 3rd. Evercore ISI reaffirmed a “positive” rating on shares of Roku in a research report on Friday, October 31st. UBS Group increased their price target on shares of Roku from $95.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Benchmark restated a “buy” rating on shares of Roku in a research note on Monday, October 27th. Finally, Bank of America raised their target price on shares of Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Twenty-three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.32.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.