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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 25,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $3,250,000.00. The transaction was disclosed in a document filed 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 Stock Performance

ROKU stock opened at $143.66 on Friday. Roku, Inc. has a 1 year low of $73.91 and a 1 year high of $148.88. The firm has a market cap of $21.18 billion, a P/E ratio of 108.02 and a beta of 2.06. The stock has a 50-day simple moving average of $118.73 and a 200-day simple moving average of $106.23.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned ($0.19) earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities research analysts predict that Roku, Inc. will post 2.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citizens Jmp reiterated a “market outperform” rating and issued a $170.00 target price on shares of Roku in a research note on Thursday, May 28th. Jefferies Financial Group increased their target price on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Moffett Nathanson restated a “neutral” rating and set a $100.00 price objective on shares of Roku in a research note on Friday, February 13th. Finally, Citigroup restated a “market outperform” rating on shares of Roku in a research note on Thursday, May 28th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.96.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Institutional Investors Weigh In On Roku

A number of hedge funds have recently bought and sold shares of ROKU. Blue Trust Inc. grew its stake in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in Roku during the 4th quarter valued at approximately $26,000. Bayban grew its stake in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares in the last quarter. WPG Advisers LLC acquired a new stake in Roku during the 4th quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Roku during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.