Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 50,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $99.68, for a total transaction of $4,984,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roku Stock Performance

Shares of NASDAQ:ROKU traded down $2.75 during trading hours on Friday, hitting $92.05. 910,976 shares of the company’s stock traded hands, compared to its average volume of 3,712,237. The company’s fifty day simple moving average is $98.38 and its two-hundred day simple moving average is $99.72. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 161.66 and a beta of 1.98. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.28 by $0.25. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) earnings per share. On average, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ROKU. Apollon Wealth Management LLC boosted its position in Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after acquiring an additional 96 shares during the period. GAMMA Investing LLC lifted its position in shares of Roku by 9.5% in the third quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock worth $112,000 after purchasing an additional 97 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Roku by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock worth $273,000 after purchasing an additional 100 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Roku by 1.0% during the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after purchasing an additional 100 shares during the period. Finally, Aviance Capital Partners LLC grew its position in Roku by 2.6% during the third quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock valued at $418,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Roku from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Morgan Stanley set a $135.00 target price on Roku and gave the company an “overweight” rating in a report on Tuesday, December 16th. Oppenheimer lifted their price target on Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus set a $160.00 price objective on Roku in a report on Monday, March 2nd. Finally, Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Roku in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Roku has an average rating of “Moderate Buy” and a consensus price target of $125.40.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.