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

by · The Markets Daily

Roku, Inc. (NASDAQ:ROKUGet Free Report) CEO Anthony Wood sold 25,000 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

NASDAQ ROKU traded up $24.02 on Friday, hitting $143.66. 14,999,929 shares of the company’s stock were exchanged, compared to its average volume of 2,010,160. The firm’s 50-day moving average price is $118.73 and its two-hundred day moving average price is $106.23. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $148.88. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 108.02 and a beta of 2.06.

Roku (NASDAQ:ROKUGet Free Report) last released its earnings results 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. On average, research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Roku by 2.5% in the 3rd 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 in the last quarter. AQR Capital Management LLC lifted its stake 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 in the last quarter. Geode Capital Management LLC lifted its stake 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 in the last quarter. Finally, Holocene Advisors LP lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku News Summary

Here are the key news stories impacting Roku this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Citigroup restated a “market outperform” rating on shares of Roku in a report on Thursday, May 28th. Moffett Nathanson restated a “neutral” rating and issued a $100.00 price target on shares of Roku in a report on Friday, February 13th. Oppenheimer upped their price target on Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company upped their price target on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $146.96.

View Our Latest Report on Roku

About Roku

(Get Free Report)

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.

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