Key Points
- Roku CEO Anthony Wood sold 75,000 shares on Monday, May 11 at an average price of $128.79, totaling about $9.66 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Roku shares were down about 1.5% in the session referenced and recently traded near $125.68, close to their 12-month high of $131.39.
- The company reported strong quarterly results, with EPS of $0.57 versus expectations of $0.34 and revenue of $1.25 billion, up 22.4% year over year. Analysts remain broadly positive, with an average target price of $143.42.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony Wood sold 75,000 shares of the company's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The sale 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 Stock Down 1.5%
Shares of NASDAQ ROKU opened at $125.68 on Thursday. The firm's 50-day simple moving average is $105.34 and its 200 day simple moving average is $102.38. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 94.50 and a beta of 2.04. Roku, Inc. has a 12-month low of $67.67 and a 12-month high of $131.39.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly 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. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm's quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) EPS. On average, equities analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.
Institutional Trading of Roku
A number of institutional investors and hedge funds have recently modified their holdings of ROKU. AQR Capital Management LLC increased its stake in shares of Roku by 275.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company's stock valued at $258,897,000 after acquiring an additional 1,897,407 shares during the last quarter. Fred Alger Management LLC increased its stake in shares of Roku by 7,087.7% in the 4th quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company's stock valued at $154,212,000 after acquiring an additional 1,401,664 shares during the last quarter. Holocene Advisors LP increased its stake in Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company's stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Norges Bank bought a new stake in Roku during the 4th quarter worth approximately $92,808,000. Finally, Alyeska Investment Group L.P. increased its stake in Roku by 380.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 882,915 shares of the company's stock worth $95,787,000 after purchasing an additional 699,336 shares in the last quarter. 86.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have issued reports on ROKU shares. Susquehanna upped their target price on shares of Roku from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Friday, May 1st. Morgan Stanley restated an "overweight" rating and set a $150.00 target price on shares of Roku in a research report on Friday, May 1st. Wedbush upped their target price on shares of Roku from $140.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, May 1st. KeyCorp upped their target price on shares of Roku from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Finally, UBS Group restated an "outperform" rating and set a $145.00 target price on shares of Roku in a research report on Friday, May 1st. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.42.
Read 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.
Further Reading
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