Roku, Inc. (NASDAQ:ROKU) CEO Sells $2,060,500.00 in Stock

Key Points

• Roku, Inc. CEO Anthony J. Wood sold 25,000 shares of the company's stock for approximately $2,060,500, reducing his ownership by 60.33%.
• The company reported a 14.7% increase in revenue year-over-year, with earnings of $0.07 per share, surpassing analysts' expectations of a loss of ($0.16).
• Analysts have raised price targets for Roku, with several institutions giving the stock an "overweight" rating, indicating a consensus target price of $98.96.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.42, for a total transaction of $2,060,500.00. Following the completion of the transaction, the chief executive officer owned 16,441 shares in the company, valued at $1,355,067.22. The trade was a 60.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Roku Trading Up 2.8%

Shares of ROKU traded up $2.33 on Tuesday, reaching $84.32. 3,049,381 shares of the company's stock were exchanged, compared to its average volume of 4,453,297. The business has a 50 day moving average price of $85.41 and a two-hundred day moving average price of $77.22. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. The business's quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Roku

Several large investors have recently bought and sold shares of the company. United Advisor Group LLC increased its stake in Roku by 0.9% in the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Roku by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company's stock valued at $1,369,000 after purchasing an additional 142 shares in the last quarter. Cerity Partners LLC increased its stake in Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after purchasing an additional 145 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after purchasing an additional 160 shares in the last quarter. Finally, True Vision MN LLC increased its stake in Roku by 3.3% in the second quarter. True Vision MN LLC now owns 5,544 shares of the company's stock valued at $487,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. KeyCorp raised their price target on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Guggenheim raised their price target on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Bank of America raised their price target on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy 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 $98.96.

Roku Company Profile

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.

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