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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,333,486.34. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Roku Stock Performance

Shares of ROKU stock traded up $2.03 during midday trading on Wednesday, reaching $84.78. 3,181,798 shares of the company were exchanged, compared to its average volume of 2,943,111. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $95.88. The company has a market cap of $12.31 billion, a P/E ratio of -70.65 and a beta of 2.05. The company’s 50 day moving average price is $80.17 and its two-hundred day moving average price is $73.28.

Institutional Trading of Roku

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ExodusPoint Capital Management LP acquired a new stake in shares of Roku in the fourth quarter worth $7,485,000. Arete Wealth Advisors LLC acquired a new stake in shares of Roku in the fourth quarter worth $206,000. Headlands Technologies LLC acquired a new stake in shares of Roku in the fourth quarter worth $1,443,000. Geode Capital Management LLC lifted its stake in shares of Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after buying an additional 56,820 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of Roku in the fourth quarter worth $766,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Morgan Stanley increased their price objective on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Loop Capital increased their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a report on Monday, December 9th. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Rosenblatt Securities increased their price objective on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.18.

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.