Anthony Wood Sells 75,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of Roku stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $109.61, for a total value of $8,220,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Roku Stock Performance

ROKU opened at $104.97 on Friday. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66. The company has a market cap of $15.51 billion, a P/E ratio of -524.82 and a beta of 1.95. The business’s 50-day simple moving average is $104.31 and its 200-day simple moving average is $97.82.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) earnings per share. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Roku

Hedge funds have recently added to or reduced their stakes in the stock. West Tower Group LLC boosted its holdings in shares of Roku by 128.6% in the second quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock valued at $703,000 after acquiring an additional 4,500 shares in the last quarter. CWM LLC lifted its holdings in shares of Roku by 345.4% in the 3rd quarter. CWM LLC now owns 84,010 shares of the company’s stock valued at $8,412,000 after buying an additional 65,150 shares during the period. Diversified Trust Co raised its position in Roku by 73.6% in the second quarter. Diversified Trust Co now owns 20,548 shares of the company’s stock worth $1,806,000 after acquiring an additional 8,710 shares in the last quarter. ABLE Financial Group LLC raised its position in Roku by 40.4% in the second quarter. ABLE Financial Group LLC now owns 25,342 shares of the company’s stock worth $2,227,000 after acquiring an additional 7,291 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in Roku by 153.2% in the second quarter. Highland Capital Management LLC now owns 65,770 shares of the company’s stock valued at $5,781,000 after acquiring an additional 39,797 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROKU. Citigroup reissued an “outperform” rating on shares of Roku in a research report on Friday, January 9th. Susquehanna reissued a “positive” rating and issued a $130.00 target price on shares of Roku in a report on Friday, October 31st. Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a research report on Sunday, December 7th. Arete Research set a $132.00 price target on Roku and gave the stock a “buy” rating in a research report on Monday, January 5th. Finally, KeyCorp reissued an “overweight” rating and issued a $116.00 price objective on shares of Roku in a report on Tuesday, October 28th. Twenty-three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $119.32.

Roku Company Profile

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.