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

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

Roku Price Performance

NASDAQ:ROKU opened at $125.68 on Thursday. The stock has a market cap of $18.53 billion, a P/E ratio of 94.50 and a beta of 2.04. Roku, Inc. has a one year low of $67.67 and a one year high of $131.39. The company has a fifty day moving average price of $105.34 and a 200 day moving average price of $102.38.

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

Analysts Set New Price Targets

Several brokerages have issued reports on ROKU. Rosenblatt Securities boosted their price target on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Piper Sandler boosted their price target on shares of Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup boosted their price target on shares of Roku from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group boosted their price target on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 13th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $143.42.

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Roku during the 4th quarter worth about $26,000. Bayban lifted its position in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after buying an additional 260 shares in the last quarter. WPG Advisers LLC acquired a new position in Roku during the 4th quarter worth about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Roku during the 4th quarter worth about $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.