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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the company’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 owns 26,538 shares of the company’s stock, valued at $2,664,415.20. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Roku Price Performance

Roku stock traded down $3.27 during trading hours on Tuesday, hitting $95.80. The company had a trading volume of 6,051,135 shares, compared to its average volume of 3,783,389. The firm has a market cap of $13.91 billion, a PE ratio of -79.83 and a beta of 2.05. The firm has a 50-day moving average of $80.86 and a 200 day moving average of $74.18. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

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

Analyst Upgrades and Downgrades

ROKU has been the topic of several recent research reports. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $74.00 to $129.00 in a research report on Friday. Finally, UBS Group boosted their price target on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and a consensus price target of $92.62.

Institutional Investors Weigh In On Roku

Several institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP lifted its position in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after acquiring an additional 18,520 shares during the period. Holocene Advisors LP acquired a new position in Roku in the third quarter valued at about $129,015,000. Kessler Investment Group LLC lifted its position in Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after purchasing an additional 13,590 shares during the period. National Bank of Canada FI grew its stake in Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after buying an additional 149,514 shares in the last quarter. Finally, EULAV Asset Management increased its holdings in Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after buying an additional 68,000 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.