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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 75,000 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $109.61, for a total value of $8,220,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Roku Stock Performance

Roku stock opened at $107.55 on Thursday. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66. The stock has a fifty day moving average of $104.31 and a 200 day moving average of $97.77. The stock has a market cap of $15.89 billion, a PE ratio of -537.72 and a beta of 1.95.

Roku (NASDAQ:ROKU) last released its quarterly earnings results 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 return on equity of 1.08% and a negative net margin of 0.61%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted ($0.06) EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROKU. JMP Securities reiterated a “market outperform” rating and set a $145.00 price target on shares of Roku in a research note on Thursday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Roku in a research report on Wednesday, October 1st. KeyCorp reissued an “overweight” rating and set a $116.00 price target on shares of Roku in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities lifted their price objective on Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Twenty-three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $119.32.

Hedge Funds Weigh In On Roku

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after purchasing an additional 322,858 shares during the period. Acadian Asset Management LLC grew its holdings in Roku by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock valued at $236,545,000 after buying an additional 785,864 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Roku by 275.5% during the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after buying an additional 1,897,407 shares during the last quarter. Tableaux LLC purchased a new position in shares of Roku in the second quarter worth $1,746,000. Finally, Holocene Advisors LP boosted its position in shares of Roku by 352.3% during the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after acquiring an additional 1,285,585 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

About Roku

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.