Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $118.55, for a total value of $2,133,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Trading Up 2.3%

ROKU stock traded up $2.70 during midday trading on Thursday, hitting $119.64. The company had a trading volume of 2,414,010 shares, compared to its average volume of 1,985,565. Roku, Inc. has a 52 week low of $73.91 and a 52 week high of $133.46. The stock’s 50 day moving average price is $117.76 and its 200 day moving average price is $105.97. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 89.96 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm 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 company posted ($0.19) earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. Analysts predict that Roku, Inc. will post 2.41 earnings per share for the current year.

Institutional Trading of Roku

A number of institutional investors and hedge funds have recently modified their holdings of ROKU. Empowered Funds LLC increased its holdings in shares of Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after purchasing an additional 515 shares in the last quarter. Focus Partners Wealth bought a new stake in Roku in the 1st quarter worth approximately $229,000. EverSource Wealth Advisors LLC increased its holdings in Roku by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $123,000 after buying an additional 826 shares during the last quarter. First Trust Advisors LP increased its holdings in Roku by 231.0% during the second quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock valued at $6,221,000 after buying an additional 49,399 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Roku during the second quarter valued at approximately $326,000. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ROKU. Benchmark upped their price target 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 upped their price target on Roku from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Finally, KeyCorp increased their price target on shares of Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.50.

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.