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 Roku stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,664,415.20. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roku Stock Performance

Shares of NASDAQ:ROKU traded down $3.27 on Tuesday, hitting $95.80. The stock had a trading volume of 6,051,135 shares, compared to its average volume of 3,783,389. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of -79.83 and a beta of 2.05. The firm’s 50 day moving average price is $80.86 and its 200-day moving average price is $74.18. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts predict that Roku, Inc. will post -1.09 EPS for the current year.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of analyst reports. JMP Securities boosted their price target on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday. Jefferies Financial Group dropped their target price on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Bank of America raised their price target on Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $129.00 in a research report on Friday. Finally, Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.62.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ROKU. FMR LLC raised its position in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares during the last quarter. Marshall Wace LLP increased its holdings in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after purchasing an additional 2,030,036 shares during the last quarter. Holocene Advisors LP acquired a new position in Roku in the third quarter valued at about $129,015,000. Cadian Capital Management LP bought a new position in Roku during the fourth quarter worth about $87,632,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Roku by 505.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock worth $96,402,000 after buying an additional 1,082,548 shares during the period. Institutional investors own 86.30% of the company’s stock.

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.