Roku, Inc. (NASDAQ: ROKU) CEO Sells $ 25,280,000.00 in Shares
Roku, Inc. (NASDAQ: ROKU) CEO Anthony J. Wood sold 80,000 shares of the company in a trade that took place on Wednesday, September 15. The shares were sold at an average price of $ 316.00, for a total value of $ 25,280,000.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through this hyperlink.
NASDAQ: ROKU traded up $ 1.01 on Friday, reaching $ 324.10. The company’s shares had a trading volume of 3,797,178 shares, compared to its average volume of 3,409,880. Roku, Inc. has a 12-month low of $ 157.54 and a 12-month high of 490 , $ 76. The company has a quick ratio of 4.50, a current ratio of 4.58, and a debt ratio of 0.03. The company has a market cap of $ 43.25 billion, a price-to-earnings ratio of 197.01 and a beta of 1.74. The stock has a 50-day moving average price of $ 382.61 and a 200-day moving average price of $ 365.83.
Roku (NASDAQ: ROKU) last released its quarterly earnings data on Wednesday, August 4. The company reported earnings per share of $ 0.52 for the quarter, beating the Zacks’ consensus estimate of $ 0.14 by $ 0.38. Roku had a return on equity of 12.19% and a net margin of 9.91%. The company posted revenue of $ 645.10 million in the quarter, compared to analysts’ expectations of $ 618.35 million. During the same period of the previous year, the company posted ($ 0.35) earnings per share. The company’s revenue increased 81.2% year-over-year. Equity research analysts expect Roku, Inc. to post 1.31 EPS for the current fiscal year.
Several hedge funds and other institutional investors recently changed their holdings to ROKU. BerganKDV Wealth Management LLC increased its stake in Roku shares by 152.5% in the first quarter. BerganKDV Wealth Management LLC now owns 101 shares of the company valued at $ 33,000 after purchasing 61 additional shares in the last quarter. Northern Oak Wealth Management Inc. increased its stake in Roku by 100.0% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 100 shares of the company valued at $ 33,000 after purchasing an additional 50 shares in the last quarter. RMR Wealth Builders increased its stake in Roku by 65.7% during the 1st quarter. RMR Wealth Builders now owns 116 shares of the company valued at $ 38,000 after purchasing 46 additional shares in the last quarter. Crédit Agricole SA increased its stake in Roku by 48.3% during the second quarter. Crédit Agricole SA now owns 86 shares of the company valued at $ 40,000 after purchasing 28 additional shares in the last quarter. Finally, Selective Wealth Management Inc. acquired a new position in Roku during the second quarter valued at $ 46,000. 62.10% of the shares are held by institutional investors and hedge funds.
ROKU has been the subject of several research reports. Morgan Stanley raised its price target on Roku from $ 300.00 to $ 325.00 and gave the company an “underweight” rating in a research report published on Monday, August 2. Rosenblatt Securities reaffirmed a “buy” note and issued a target price of $ 560.00 on Roku shares in a research report on Thursday, August 5. Truist Securities raised its target price on Roku from $ 367.00 to $ 390.00 and gave the company a “buy” rating in a research report released on Friday, August 27. Citigroup reduced its target price on Roku from $ 450.00 to $ 410.00 and set a “buy” rating on the stock in a research report on Thursday, August 19. Finally, Wells Fargo & Company lowered its price target on Roku from $ 519.00 to $ 488.00 and set an “overweight” rating on the stock in a research report released Thursday, August 5. One investment analyst assigned a sell rating to the stock, another assigned a conservation rating and twenty-one assigned a buy rating to the company. According to MarketBeat, Roku currently has a consensus rating of “Buy” and a consensus price target of $ 450.00.
Roku, Inc is committed to providing a streaming platform for television. It operates through the following business sectors: Player and Platform. The Player segment includes net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.
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