Anthony J. Wood Sells 4,600 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Roku Stock Performance

NASDAQ ROKU opened at $78.29 on Monday. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company has a fifty day moving average of $80.89 and a 200-day moving average of $77.32. The company has a market capitalization of $11.43 billion, a P/E ratio of -87.97 and a beta of 2.12.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roku by 19.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock valued at $463,000 after purchasing an additional 1,024 shares in the last quarter. Audent Global Asset Management LLC lifted its stake in Roku by 222.9% in the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock worth $1,571,000 after purchasing an additional 14,584 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Roku during the fourth quarter valued at about $1,681,000. Fluent Financial LLC bought a new position in shares of Roku during the fourth quarter valued at about $660,000. Finally, United Advisor Group LLC increased its holdings in shares of Roku by 0.9% in the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after buying an additional 130 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROKU. JPMorgan Chase & Co. upped their price target on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $129.00 in a report on Friday, February 14th. UBS Group boosted their price target on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a research note on Tuesday, March 4th. Finally, JMP Securities lifted their price objective on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.71.

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.