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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $128.79, for a total value of $9,659,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Down 1.5%

ROKU traded down $1.95 on Wednesday, reaching $125.68. The company’s stock had a trading volume of 2,559,061 shares, compared to its average volume of 3,243,185. The company has a market capitalization of $18.53 billion, a price-to-earnings ratio of 94.50 and a beta of 2.04. Roku, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $131.39. The stock has a 50 day moving average of $104.78 and a two-hundred day moving average of $102.19.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned ($0.19) EPS. The company’s revenue was up 22.4% compared to the same quarter last year. As a group, analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ROKU. AGF Management Ltd. acquired a new stake in shares of Roku in the 3rd quarter worth $15,023,000. Holocene Advisors LP increased its stake in shares of Roku by 352.3% during the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after acquiring an additional 1,285,585 shares during the period. Convergence Investment Partners LLC purchased a new position in Roku during the third quarter worth about $2,492,000. Wealth Enhancement Advisory Services LLC raised its holdings in Roku by 138.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,057 shares of the company’s stock worth $4,079,000 after purchasing an additional 23,280 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in Roku by 699.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 23,248 shares of the company’s stock valued at $2,328,000 after purchasing an additional 20,339 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup raised their price objective on Roku from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Benchmark upped their target price on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Needham & Company LLC lifted their price target on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company boosted their price objective on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $150.00 price objective on shares of Roku in a report on Friday, May 1st. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.42.

About Roku

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.