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

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $80.27, for a total value of $2,006,750.00. Following the completion of the transaction, the chief executive officer now directly owns 11,953 shares of the company's stock, valued at $959,467.31. The trade was a 67.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Roku Stock Down 3.0%

ROKU stock traded down $2.34 during midday trading on Friday, hitting $74.41. The company's stock had a trading volume of 3,217,346 shares, compared to its average volume of 3,826,440. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The firm has a market capitalization of $10.86 billion, a P/E ratio of -83.61 and a beta of 2.09. The firm has a 50-day simple moving average of $67.45 and a 200-day simple moving average of $74.83.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Roku's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) earnings per share. On average, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective on the stock in a report on Tuesday, March 4th. Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Roku in a report on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Roku from $129.00 to $93.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Rosenblatt Securities lowered their price target on Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Pivotal Research decreased their target price on Roku from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.37.

Institutional Trading of Roku

Large investors have recently modified their holdings of the business. Anderson Financial Strategies LLC acquired a new position in shares of Roku in the 1st quarter valued at $68,000. Strs Ohio acquired a new position in Roku during the 1st quarter worth $3,984,000. Acadian Asset Management LLC lifted its position in shares of Roku by 456.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock worth $134,222,000 after buying an additional 1,563,449 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Roku in the 1st quarter worth about $229,000. Finally, Plato Investment Management Ltd lifted its position in shares of Roku by 217.4% in the 1st quarter. Plato Investment Management Ltd now owns 9,663 shares of the company's stock worth $688,000 after buying an additional 6,619 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.