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

Anthony J. Wood, the CEO of Roku, Inc. (NASDAQ:ROKU), recently sold 25,000 shares of the company’s stock on Thursday, October 10th. The shares were sold at an average price of $77.20, resulting in a total value of $1,930,000.00. After this transaction, Wood now owns 5,020 shares of Roku, valued at approximately $387,544. This sale represents a 0.00% decrease in his ownership of the stock. Details of the transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed for further information.

Roku Stock Performance

As of Friday, Roku stock opened at $78.37. The company boasts a market capitalization of $11.34 billion and carries a price-to-earnings ratio of -22.59 with a beta of 2.08. Roku's 52-week stock range has seen a low of $48.33 and a high of $108.84. The company's 50-day simple moving average stands at $68.10, while the 200-day simple moving average is $62.38.

Roku released its latest quarterly earnings data on August 1st, showing an earnings per share (EPS) of ($0.24). This figure surpassed analysts' expectations, which were set at ($0.45), beating the estimates by $0.21. During that quarter, Roku reported revenue of $968.18 million, outperforming analysts' forecasts of $937.78 million. The company experienced a negative return on equity of 21.03% and a negative net margin of 13.16%. Compared to the previous year, Roku’s revenue increased by 14.3%. Last year during the same quarter, the company reported an EPS of ($0.76). Analysts predict that Roku will post an EPS of -1.44 for the current year.

Institutional Inflows and Outflows

In recent months, several large investors have adjusted their positions in Roku. Bayesian Capital Management LP acquired a new stake valued at approximately $4,803,000 in Roku during the fourth quarter. Berkshire Capital Holdings Inc. dramatically increased its stake by 870,600.0%, now owning 87,070 shares worth $7,981,000 after purchasing an additional 87,060 shares last quarter. Firsthand Capital Management Inc. also raised its holdings by 90.0% during the fourth quarter, owning 190,000 shares valued at $17,415,000 after acquiring an additional 90,000 shares. Ogborne Capital Management LLC expanded its position in Roku by 97.4%, now owning 142,500 shares worth $13,062,000 after purchasing an additional 70,322 shares. Additionally, Occudo Quantitative Strategies LP bought a new stake during the same period valued at approximately $5,387,000. Currently, institutional investors hold 86.30% of the company's shares.

Analyst Ratings Changes

Several brokerages have recently provided updates on Roku's stock. Citigroup has raised its price target from $60.00 to $77.00 while maintaining a "neutral" rating as of September 25th. On September 12th, Wolfe Research upgraded Roku from a “peer perform” rating to “outperform,” setting a new price objective of $93.00. Furthermore, on September 5th, Wells Fargo upgraded the stock from “underweight” to “equal weight,” increasing the target price from $50.00 to $72.00. Wedbush maintained an “outperform” rating and set a price target of $75.00 on August 2nd. However, on the same day, Rosenblatt Securities decreased its price target from $89.00 to $61.00 with a “neutral” rating. In total, two investment analysts have rated the stock as a sell, nine have given it a hold rating, and twelve have issued buy ratings. Current consensus from analysts indicates a “Hold” rating and an average target price of $81.24.

About Roku

Roku, Inc. operates a TV streaming platform both in the United States and internationally. The company has two main segments: Platform and Devices. Its streaming platform enables users to find and access various content such as TV shows, movies, news, and sports. The Platform segment also offers digital advertising services, including direct and programmatic video advertising.

Roku, CEO, Stock