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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,333,486.34. The trade was a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roku Trading Up 2.4 %

ROKU stock opened at $86.80 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $95.17. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of -72.33 and a beta of 2.05. The business’s 50-day moving average is $80.17 and its 200 day moving average is $73.28.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. As a group, equities analysts forecast that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after purchasing an additional 121 shares during the last quarter. Cerity Partners LLC lifted its holdings in Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after acquiring an additional 145 shares during the last quarter. GS Investments Inc. lifted its holdings in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the last quarter. PFG Investments LLC lifted its holdings in Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares during the last quarter. Finally, True Vision MN LLC lifted its holdings in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on ROKU. Moffett Nathanson cut Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a research note on Friday, January 10th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research report on Thursday. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday. Wells Fargo & Company raised their target price on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.18.

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.