Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood Sells 4,600 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the sale, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Roku Price Performance

NASDAQ ROKU traded up $4.47 on Friday, hitting $78.29. 5,830,318 shares of the company’s stock were exchanged, compared to its average volume of 3,690,932. The firm’s 50-day moving average price is $80.91 and its two-hundred day moving average price is $77.07. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12.

Roku (NASDAQ:ROKU) last released its 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 return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

Several institutional investors have recently modified their holdings of ROKU. Swiss National Bank boosted its stake in shares of Roku by 1.3% during the 3rd quarter. Swiss National Bank now owns 376,800 shares of the company’s stock worth $28,132,000 after acquiring an additional 5,000 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Roku in the 3rd quarter valued at approximately $253,000. Avior Wealth Management LLC lifted its stake in Roku by 104.5% in the 3rd quarter. Avior Wealth Management LLC now owns 6,418 shares of the company’s stock valued at $479,000 after buying an additional 3,280 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Roku in the 3rd quarter valued at approximately $1,969,000. Finally, GS Investments Inc. lifted its stake in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America lifted their price target on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Tuesday, March 4th. JMP Securities boosted their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Finally, Citigroup boosted their target price on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.71.

Roku Company Profile

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.