Roku, Inc. (NASDAQ:ROKU) CEO Sells $2,510,000.00 in Stock

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 Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,664,415.20. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Roku Price Performance

Shares of ROKU stock traded down $3.93 during trading hours on Friday, hitting $88.86. The stock had a trading volume of 3,363,289 shares, compared to its average volume of 3,747,546. The stock's 50 day moving average is $81.56 and its 200 day moving average is $74.73. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The firm has a market capitalization of $12.90 billion, a PE ratio of -99.84 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) EPS 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 the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Roku

Several hedge funds have recently modified their holdings of ROKU. FMR LLC increased its holdings in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares during the last quarter. Marshall Wace LLP grew its holdings in Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after acquiring an additional 2,030,036 shares during the period. Holocene Advisors LP bought a new stake in shares of Roku in the 3rd quarter worth approximately $129,015,000. Cadian Capital Management LP acquired a new stake in shares of Roku during the 4th quarter valued at $87,632,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after purchasing an additional 1,082,548 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROKU. Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $86.00 price objective on shares of Roku in a research report on Thursday, February 13th. Moffett Nathanson downgraded Roku from a "neutral" rating to a "sell" rating and set a $55.00 target price for the company. in a research report on Friday, January 10th. Robert W. Baird raised shares of Roku from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Finally, Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $55.00 to $100.00 in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $96.00.

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.