Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood Sells 4,600 Shares

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the sale, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roku Stock Up 3.8 %

ROKU stock traded up $2.94 during midday trading on Monday, reaching $81.23. The company's stock had a trading volume of 4,176,216 shares, compared to its average volume of 3,693,164. The business's 50-day simple moving average is $80.89 and its 200-day simple moving average is $77.32. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market cap of $11.86 billion, a PE ratio of -91.27 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates 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 forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Roku

Institutional investors have recently modified their holdings of the stock. Entropy Technologies LP boosted its stake in Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after acquiring an additional 18,520 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Roku during the third quarter worth $129,015,000. National Bank of Canada FI grew its holdings in shares of Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after buying an additional 149,514 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Roku by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after buying an additional 34,898 shares during the period. Finally, Achmea Investment Management B.V. lifted its holdings in Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after acquiring an additional 6,042 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ROKU. Citizens Jmp upgraded Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and increased their price objective for the company from $65.00 to $125.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Roku from $92.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Wells Fargo & Company raised shares of Roku from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Finally, Loop Capital raised their price target on shares of Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.67.

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.