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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,333,486.34. This represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Roku Trading Up 2.5 %

Shares of NASDAQ:ROKU opened at $84.78 on Thursday. The company’s 50 day moving average is $80.17 and its 200 day moving average is $73.28. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $95.88.

Institutional Trading of Roku

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. grew its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of Roku in the fourth quarter worth about $30,000. Raelipskie Partnership acquired a new stake in Roku during the third quarter worth about $32,000. Game Plan Financial Advisors LLC purchased a new position in Roku during the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROKU. Jefferies Financial Group dropped their target price on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Monday. Moffett Nathanson downgraded shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Tuesday, January 7th. Finally, Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.18.

Roku Company Profile

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.