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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,333,486.34. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Roku Stock Performance

ROKU opened at $84.78 on Thursday. The business has a fifty day moving average of $80.17 and a 200 day moving average of $73.28. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $95.88.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. JMP Securities restated a “market outperform” rating and set a $95.00 price target on shares of Roku in a report on Monday, February 3rd. Wells Fargo & Company lifted their price objective 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, Macquarie reiterated an “outperform” rating and set a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.18.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC purchased a new position in shares of Roku during the fourth quarter worth approximately $30,000. Raelipskie Partnership bought a new stake in shares of Roku during the third quarter valued at approximately $32,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku in the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the period. 86.30% of the stock is currently owned by institutional investors.

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.