Anthony Wood Sells 25,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony Wood sold 25,000 shares of Roku stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $3,250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

Shares of Roku stock opened at $143.66 on Friday. Roku, Inc. has a 1 year low of $73.91 and a 1 year high of $148.88. The company has a market capitalization of $21.18 billion, a P/E ratio of 108.02 and a beta of 2.06. The business has a 50 day moving average price of $118.73 and a 200 day moving average price of $106.23.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. grew its stake in shares of Roku by 6.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock valued at $144,000 after buying an additional 93 shares during the period. Apollon Wealth Management LLC grew its stake in shares of Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after buying an additional 96 shares during the period. Thoroughbred Financial Services LLC grew its stake in shares of Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after buying an additional 100 shares during the period. Quantum Portfolio Management LLC grew its stake in shares of Roku by 2.6% during the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock valued at $391,000 after buying an additional 105 shares during the period. Finally, HB Wealth Management LLC grew its stake in shares of Roku by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock valued at $326,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ROKU shares. Stifel Nicolaus set a $160.00 price target on Roku in a report on Monday, March 2nd. Citizens Jmp reissued a “market outperform” rating and set a $170.00 price target on shares of Roku in a research note on Thursday, May 28th. Needham & Company LLC increased their price target on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company increased their price target on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley increased their price target on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average target price of $146.96.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku Company Profile

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.