Anthony J. Wood Sells 35,000 Shares of Roku Inc (NASDAQ:ROKU) Stock

Roku Inc (NASDAQ:ROKU) CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $139.57, for a total transaction of $4,884,950.00.

Shares of NASDAQ:ROKU opened at $141.05 on Thursday. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of -1,763.13 and a beta of 1.77. Roku Inc has a 52 week low of $26.30 and a 52 week high of $176.55. The firm has a 50 day moving average of $122.79 and a 200 day moving average of $109.88.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.06. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. Roku’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. As a group, equities analysts anticipate that Roku Inc will post -0.5 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of ROKU. CENTRAL TRUST Co grew its holdings in Roku by 47.5% in the third quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in Roku by 4.9% in the third quarter. Integrated Investment Consultants LLC now owns 2,496 shares of the company’s stock worth $254,000 after purchasing an additional 116 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in Roku by 59.4% in the third quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. World Asset Management Inc grew its holdings in Roku by 6.1% in the third quarter. World Asset Management Inc now owns 2,857 shares of the company’s stock worth $291,000 after purchasing an additional 163 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Roku by 0.7% in the third quarter. Commonwealth Equity Services LLC now owns 23,359 shares of the company’s stock worth $2,377,000 after purchasing an additional 167 shares during the last quarter. 52.94% of the stock is owned by institutional investors.

ROKU has been the subject of several research analyst reports. Cannonball Research set a $105.00 price target on shares of Roku and gave the company a “buy” rating in a research note on Wednesday, August 7th. Loop Capital lifted their price target on shares of Roku to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. Macquarie raised shares of Roku from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Wednesday, October 9th. Royal Bank of Canada raised shares of Roku from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $107.00 to $155.00 in a research note on Thursday, October 10th. Finally, BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $121.23.

About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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