Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $118.55, for a total transaction of $2,133,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

Shares of ROKU traded up $2.70 during mid-day trading on Thursday, reaching $119.64. The company had a trading volume of 2,414,010 shares, compared to its average volume of 1,985,565. The company’s 50 day simple moving average is $117.76 and its 200 day simple moving average is $105.97. Roku, Inc. has a 1-year low of $73.91 and a 1-year high of $133.46. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 89.96 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted ($0.19) earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROKU. Susquehanna raised their target price on Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, May 1st. Pivotal Research reaffirmed a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Guggenheim lifted their price objective on Roku from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday. Wedbush upped their price objective on shares of Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Citigroup reiterated a “market outperform” rating on shares of Roku in a report on Thursday, May 28th. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and an average target price of $145.50.

Institutional Investors Weigh In On Roku

Several large investors have recently added to or reduced their stakes in ROKU. Jefferies Financial Group Inc. bought a new stake in shares of Roku during the 4th quarter worth $1,345,000. Holocene Advisors LP lifted its holdings in shares of Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after acquiring an additional 1,285,585 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Roku in the 3rd quarter worth approximately $2,997,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of Roku in the 4th quarter worth approximately $2,398,000. Finally, Magnetar Financial LLC bought a new stake in shares of Roku in the 3rd quarter worth approximately $5,466,000. Institutional investors own 86.30% of the company’s stock.

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.