Roku Inc (NASDAQ:ROKU) CEO Anthony J. Wood sold 35,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.86, for a total value of $4,790,100.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ:ROKU opened at $152.28 on Thursday. Roku Inc has a twelve month low of $26.30 and a twelve month high of $176.55. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of -1,903.50 and a beta of 1.73. The stock’s 50 day moving average price is $144.34 and its two-hundred day moving average price is $120.91.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.06. Roku had a negative return on equity of 9.79% and a negative net margin of 3.77%. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. As a group, equities research analysts forecast that Roku Inc will post -0.52 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Maverick Capital Ltd. bought a new position in shares of Roku in the 3rd quarter valued at about $93,000. Squarepoint Ops LLC increased its stake in shares of Roku by 118.9% during the 3rd quarter. Squarepoint Ops LLC now owns 161,649 shares of the company’s stock worth $16,449,000 after purchasing an additional 87,800 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Roku by 24.8% in the 3rd quarter. Voloridge Investment Management LLC now owns 647,876 shares of the company’s stock valued at $65,928,000 after purchasing an additional 128,811 shares during the period. Castleark Management LLC bought a new stake in shares of Roku in the 3rd quarter valued at about $1,719,000. Finally, Empirical Capital Management LLC bought a new stake in shares of Roku in the 3rd quarter valued at about $5,919,000. 53.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on ROKU. Guggenheim cut their price target on Roku from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on Roku from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Zacks Investment Research raised Roku from a “hold” rating to a “strong-buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, October 9th. Oppenheimer boosted their target price on Roku from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, Pivotal Research started coverage on Roku in a research report on Friday, September 20th. They set a “sell” rating and a $60.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Roku presently has an average rating of “Buy” and a consensus target price of $127.28.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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