Insider Selling: Roku, Inc. (NASDAQ:ROKU) CEO Sells $345,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the sale, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Roku Stock Up 6.1 %

Shares of ROKU opened at $78.29 on Monday. The stock has a market cap of $11.43 billion, a P/E ratio of -87.97 and a beta of 2.12. The business’s fifty day moving average is $80.89 and its 200 day moving average is $77.32. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Roku

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after acquiring an additional 121 shares during the last quarter. United Advisor Group LLC boosted its holdings in Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the last quarter. Cerity Partners LLC grew its position in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after purchasing an additional 145 shares in the last quarter. GS Investments Inc. increased its stake in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the last quarter. Finally, True Vision MN LLC lifted its position in shares of Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after buying an additional 152 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a research report on Tuesday, March 4th. Rosenblatt Securities reissued a “neutral” rating and set a $86.00 price objective on shares of Roku in a report on Thursday, February 13th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a report on Monday, February 10th. Compass Point began coverage on Roku in a research note on Sunday. They set a “buy” rating on the stock. Finally, Benchmark upped their price objective on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.71.

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.