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

Key Points

• Roku CEO Anthony Wood sold 25,000 shares of Roku stock for a total of $2.5 million, representing a 35.35% decrease in his ownership.
• The company's stock is currently trading at approximately $96.39, with a 12-month high of $104.96 and a low of $52.43.
• In its latest quarterly earnings, Roku reported a positive earnings per share of $0.07, exceeding analysts' expectations, while revenue grew by 14.7% year-over-year.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony Wood sold 25,000 shares of Roku stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the sale, the chief executive officer owned 45,712 shares of the company's stock, valued at $4,571,200. The trade was a 35.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Roku Price Performance

NASDAQ:ROKU traded up $1.45 during mid-day trading on Thursday, reaching $96.39. The company's stock had a trading volume of 3,076,054 shares, compared to its average volume of 3,205,541. The firm's fifty day moving average price is $90.93 and its two-hundred day moving average price is $78.43. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.07 billion. During the same period in the previous year, the business posted ($0.18) earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Roku

Several large investors have recently modified their holdings of ROKU. United Advisor Group LLC lifted its position in Roku by 0.9% in the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after buying an additional 130 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Roku by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company's stock valued at $1,369,000 after acquiring an additional 142 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company's stock valued at $39,000 after acquiring an additional 158 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock worth $1,097,000 after acquiring an additional 160 shares during the last quarter. Finally, True Vision MN LLC lifted its holdings in shares of Roku by 3.3% in the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company's stock worth $487,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Susquehanna upped their price target on shares of Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Monday, July 28th. UBS Group lifted their price objective on Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, KeyCorp upped their price objective on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

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.

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