Insider Selling: Roku (NASDAQ:ROKU) CEO Sells 75,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Down 1.5%

ROKU stock traded down $1.95 on Wednesday, reaching $125.68. 2,559,061 shares of the company’s stock were exchanged, compared to its average volume of 3,243,185. The stock has a fifty day moving average of $104.78 and a 200-day moving average of $102.19. The firm has a market cap of $18.53 billion, a PE ratio of 94.50 and a beta of 2.04. Roku, Inc. has a twelve month low of $67.67 and a twelve month high of $131.39.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on ROKU shares. Zacks Research cut shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Stifel Nicolaus set a $160.00 price target on Roku in a research note on Monday, March 2nd. Needham & Company LLC upped their price target on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Moffett Nathanson reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Roku in a research note on Friday, February 13th. Finally, Susquehanna boosted their target price on Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, May 1st. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.42.

Institutional Trading of Roku

Several large investors have recently modified their holdings of ROKU. Empowered Funds LLC lifted its stake in Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock valued at $232,000 after buying an additional 515 shares in the last quarter. Focus Partners Wealth purchased a new position in Roku during the first quarter worth $229,000. EverSource Wealth Advisors LLC raised its holdings in shares of Roku by 145.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $123,000 after acquiring an additional 826 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Roku by 231.0% in the second quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock valued at $6,221,000 after acquiring an additional 49,399 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Roku in the second quarter valued at $326,000. 86.30% of the stock is currently 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.