Insider Selling: Roku, Inc. (NASDAQ:ROKU) CEO Sells 25,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $385.60, for a total value of $9,640,000.00. Following the completion of the transaction, the chief executive officer now owns 25,000 shares in the company, valued at approximately $9,640,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ROKU traded down $12.12 during trading hours on Friday, hitting $376.52. 2,670,764 shares of the stock were exchanged, compared to its average volume of 4,442,043. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 3.29. Roku, Inc. has a 12-month low of $100.19 and a 12-month high of $486.72. The company has a market cap of $48.35 billion, a price-to-earnings ratio of -448.24 and a beta of 1.95. The stock’s 50-day moving average price is $354.77 and its two-hundred day moving average price is $327.64.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 18th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.54. Roku had a negative return on equity of 11.15% and a negative net margin of 6.53%. The firm had revenue of $649.89 million during the quarter, compared to analysts’ expectations of $625.85 million. On average, research analysts expect that Roku, Inc. will post -0.78 earnings per share for the current year.

Several equities research analysts have weighed in on ROKU shares. Rosenblatt Securities raised their price target on Roku from $420.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Macquarie lifted their target price on Roku from $275.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, January 12th. They noted that the move was a valuation call. Evercore ISI assumed coverage on Roku in a report on Tuesday. They set an “outperform” rating and a $400.00 target price for the company. Loop Capital lifted their target price on Roku from $200.00 to $430.00 and gave the stock a “hold” rating in a report on Thursday, February 18th. Finally, Oppenheimer lifted their target price on Roku from $260.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. Roku has a consensus rating of “Buy” and a consensus target price of $393.43.

Institutional investors and hedge funds have recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Roku during the fourth quarter worth approximately $25,000. Hanseatic Management Services Inc. acquired a new position in Roku during the fourth quarter worth $26,000. Winch Advisory Services LLC boosted its stake in Roku by 35.5% during the fourth quarter. Winch Advisory Services LLC now owns 84 shares of the company’s stock worth $28,000 after buying an additional 22 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in Roku during the fourth quarter worth $30,000. Finally, Sonora Investment Management LLC acquired a new position in Roku during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. The company operates in two segment, 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.

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

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