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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of the company’s 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Roku Stock Performance

Shares of NASDAQ:ROKU traded down $2.96 during midday trading on Wednesday, hitting $107.55. 3,093,855 shares of the stock were exchanged, compared to its average volume of 3,188,955. The business’s 50-day moving average price is $104.27 and its 200 day moving average price is $97.70. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66. The stock has a market capitalization of $15.89 billion, a price-to-earnings ratio of -537.72 and a beta of 1.95.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data 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. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned ($0.06) EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ROKU shares. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Benchmark reissued a “buy” rating on shares of Roku in a research note on Monday, October 27th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $145.00 price objective on shares of Roku in a research note on Tuesday, December 2nd. Rosenblatt Securities increased their target price on shares of Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Citigroup restated an “outperform” rating on shares of Roku in a report on Friday, January 9th. Twenty-three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.32.

Hedge Funds Weigh In On Roku

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

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.