Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 18,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $118.55, for a total transaction of $2,133,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Trading Up 2.3%

NASDAQ ROKU opened at $119.64 on Friday. The company has a fifty day simple moving average of $117.76 and a 200 day simple moving average of $105.97. The company has a market cap of $17.64 billion, a P/E ratio of 89.96 and a beta of 2.06. Roku, Inc. has a 1 year low of $73.91 and a 1 year high of $133.46.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) EPS. Equities research analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Citizens Jmp reiterated a “market outperform” rating and issued a $170.00 target price on shares of Roku in a research note on Thursday, May 28th. Wells Fargo & Company increased their target price on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Jefferies Financial Group boosted their price target on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, Needham & Company LLC boosted their price target on shares of Roku from $110.00 to $140.00 and gave the company a “buy” rating in a report on Friday, May 1st. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Institutional Trading of Roku

Several large investors have recently added to or reduced their stakes in ROKU. Vanguard Group Inc. raised its holdings in shares of Roku by 2.5% in the third quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after buying an additional 322,858 shares during the last quarter. AQR Capital Management LLC boosted its position in Roku by 10.6% in the 4th quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock valued at $310,298,000 after buying an additional 274,024 shares during the last quarter. Geode Capital Management LLC boosted its position in Roku by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock valued at $267,389,000 after buying an additional 168,214 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Roku by 229.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock valued at $192,868,000 after buying an additional 1,419,772 shares during the last quarter. Finally, Holocene Advisors LP boosted its position in Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after buying an additional 1,285,585 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.