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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,664,415.20. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Roku Stock Performance

ROKU stock opened at $92.79 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock’s 50 day moving average price is $81.56 and its 200 day moving average price is $74.73. The firm has a market cap of $13.47 billion, a P/E ratio of -104.26 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts predict that Roku, Inc. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. FMR LLC lifted its stake in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares during the period. Vanguard Group Inc. lifted its stake in shares of Roku by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after purchasing an additional 185,676 shares during the period. Marshall Wace LLP lifted its stake in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Roku by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after purchasing an additional 215,841 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after purchasing an additional 56,820 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Roku in a report on Monday, February 10th. Citigroup upped their price objective on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Macquarie reissued an “outperform” rating and issued a $90.00 target price on shares of Roku in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.00.

About Roku

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.