Roku (NASDAQ:ROKU) CEO Anthony J. Wood sold 77,599 shares of Class A Common Stock on January 12, 2026, for a total of $8,220,734. The sales were executed at prices ranging from $107.51 to $114.98, near the stock's 52-week high of $116.66. InvestingPro data shows Roku shares have gained nearly 44% over the past year, though they remain notably volatile with a beta of 1.95.
Wood, who is also the Chairman of the Board of Directors and a ten-percent owner, sold the shares indirectly through the Wood 2017 Revocable Trust. These sales were executed under a pre-arranged 10b5-1 trading plan.
In addition to the sales, the report indicates that 75,000 shares of Class B Common Stock were converted into Class A Common Stock, with a corresponding conversion of 75,000 shares of Class A Common Stock.
After these transactions, Wood 2017 Revocable Trust still indirectly holds 600 shares of Class A Common Stock and 16,503,111 of Class B Common Stock. Wood directly holds 12,699 shares of Class A Common Stock. Additionally, Wood indirectly holds shares through various trusts.
Investors tracking this development should note that Roku is approaching its next earnings release on February 12, 2026. While the company isn't currently profitable, InvestingPro analysts forecast Roku will turn profitable this fiscal year. The comprehensive Pro Research Report available for Roku is one of 1,400+ deep-dive analyses that transform complex financial data into actionable intelligence.
In other recent news, Roku Inc. has seen a series of positive evaluations from various financial firms. BofA Securities increased its price target for Roku to $140, maintaining a Buy rating, citing the company's successful diversification of revenue streams. Citizens also raised its price target to $160, highlighting growth catalysts expected to drive platform revenue and operating leverage by 2026. Evercore ISI upgraded Roku's stock rating to Outperform, with a new price target of $145, based on several company-specific catalysts anticipated in 2026. Wells Fargo maintained its Overweight rating and $116 price target, projecting strong platform growth and a significant adjusted EBITDA in 2026, potentially reaching $650 million. Additionally, Citizens reiterated its Market Outperform rating with a $145 price target, noting Roku's leadership in the streaming market and its growing market share in the TV sector.
These developments reflect a general optimism among analysts about Roku's future performance.