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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the company’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 transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,333,486.34. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Roku Stock Up 14.1 %

NASDAQ ROKU opened at $99.07 on Friday. The company’s 50 day moving average is $80.56 and its 200-day moving average is $73.65. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market cap of $14.38 billion, a P/E ratio of -82.56 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Roku, Inc. will post -1.09 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group upped their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America increased their price objective on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.18.

Institutional Trading of Roku

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Roku by 900.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,000 shares of the company’s stock worth $75,000 after acquiring an additional 900 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Roku by 43.3% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,739 shares of the company’s stock worth $1,026,000 after acquiring an additional 4,151 shares during the period. Cornerstone Wealth Management LLC bought a new stake in Roku during the 3rd quarter worth approximately $212,000. Richard W. Paul & Associates LLC increased its holdings in Roku by 27.3% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 15,820 shares of the company’s stock worth $1,181,000 after acquiring an additional 3,395 shares during the period. Finally, Blue Trust Inc. increased its holdings in Roku by 227.7% during the 3rd quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock worth $634,000 after acquiring an additional 5,902 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.