Roku, Inc. (NASDAQ:ROKU) CEO Sells $2,510,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,664,415.20. The trade was a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Roku Trading Down 3.3 %

Shares of ROKU opened at $95.80 on Wednesday. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of -79.83 and a beta of 2.05. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The firm has a fifty day simple moving average of $80.86 and a 200 day simple moving average of $74.18.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ROKU. Blue Trust Inc. boosted its holdings in shares of Roku by 227.7% in the 3rd quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock valued at $634,000 after buying an additional 5,902 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Roku by 11.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after acquiring an additional 222 shares during the last quarter. Kessler Investment Group LLC grew its position in shares of Roku by 21.8% in the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after acquiring an additional 13,590 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after purchasing an additional 202 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Roku by 8,030.0% in the 3rd quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock valued at $8,122,000 after purchasing an additional 107,442 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROKU has been the topic of several recent research reports. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Morgan Stanley increased their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Loop Capital boosted their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $92.62.

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.