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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $80.27, for a total transaction of $2,006,750.00. Following the completion of the transaction, the chief executive officer now owns 11,953 shares in the company, valued at approximately $959,467.31. This trade represents a 67.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Roku Trading Up 0.7%

Shares of NASDAQ:ROKU opened at $80.48 on Thursday. The company has a 50-day moving average price of $66.67 and a 200-day moving average price of $74.67. The company has a market cap of $11.75 billion, a price-to-earnings ratio of -90.43 and a beta of 2.09. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted ($0.35) EPS. Roku’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler began coverage on shares of Roku in a research report on Thursday, April 17th. They set a “neutral” rating and a $65.00 price objective on the stock. Citigroup reduced their target price on Roku from $81.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Loop Capital reduced their price objective on Roku from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, May 2nd. Finally, Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.37.

Hedge Funds Weigh In On Roku

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. abrdn plc increased its position in Roku by 12.0% during the 4th quarter. abrdn plc now owns 3,881 shares of the company’s stock valued at $289,000 after purchasing an additional 417 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Roku by 11.7% during the 4th quarter. Apollon Wealth Management LLC now owns 6,355 shares of the company’s stock valued at $472,000 after purchasing an additional 665 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Roku by 57.7% during the fourth quarter. Summit Trail Advisors LLC now owns 7,509 shares of the company’s stock valued at $558,000 after buying an additional 2,748 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Roku by 53.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,393 shares of the company’s stock worth $253,000 after buying an additional 1,186 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in Roku in the fourth quarter worth about $675,000. Institutional investors own 86.30% of the company’s stock.

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.