Roku, Inc. (NASDAQ:ROKU) CEO Sells $296,736.99 in Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $89.03, for a total transaction of $296,736.99. Following the completion of the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $12,572,905.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Roku Stock Performance

Shares of ROKU stock opened at $92.97 on Monday. Roku, Inc. has a 52-week low of $38.26 and a 52-week high of $98.44. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of -15.07 and a beta of 1.75. The firm has a fifty day moving average of $72.26 and a 200-day moving average of $70.99.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, November 1st. The company reported ($2.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.91) by ($0.42). The firm had revenue of $912.02 million for the quarter, compared to analyst estimates of $856.98 million. Roku had a negative return on equity of 34.61% and a negative net margin of 25.79%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.88) EPS. On average, sell-side analysts predict that Roku, Inc. will post -4.99 earnings per share for the current year.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. increased its position in shares of Roku by 3.3% during the 3rd quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares in the last quarter. Brighton Jones LLC grew its holdings in Roku by 8.6% during the 1st quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock worth $235,000 after acquiring an additional 148 shares during the last quarter. Parallel Advisors LLC grew its holdings in Roku by 14.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,163 shares of the company’s stock worth $74,000 after acquiring an additional 150 shares during the last quarter. IHT Wealth Management LLC grew its holdings in Roku by 4.0% during the 1st quarter. IHT Wealth Management LLC now owns 4,060 shares of the company’s stock worth $509,000 after acquiring an additional 157 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in Roku by 35.3% during the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 69.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ROKU shares. Needham & Company LLC boosted their target price on shares of Roku from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Citigroup decreased their price objective on shares of Roku from $100.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, September 27th. Oppenheimer upped their price objective on shares of Roku from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Roku in a report on Friday, October 6th. Finally, Moffett Nathanson raised shares of Roku from a “sell” rating to a “market perform” rating and set a $55.00 price objective for the company in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Hold” and a consensus target price of $82.36.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.