Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda Sells 1,000 Shares

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dan Jedda also recently made the following trade(s):

• On Monday, December 16th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $82.73, for a total value of $82,730.00.
• On Tuesday, November 19th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $75.00, for a total value of $75,000.00.

Roku Trading Up 1.0 %

Roku stock opened at $75.89 on Friday. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $99.80. The stock’s 50 day simple moving average is $76.74 and its two-hundred day simple moving average is $70.72. The firm has a market cap of $11.02 billion, a PE ratio of -63.24 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted ($2.33) EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that Roku, Inc. will post -1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup boosted their target price on shares of Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Morgan Stanley boosted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Finally, Loop Capital boosted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.62.

Institutional Investors Weigh In On Roku

Hedge funds have recently bought and sold shares of the stock. Raelipskie Partnership purchased a new stake in Roku in the 3rd quarter worth approximately $32,000. Future Financial Wealth Managment LLC acquired a new position in shares of Roku during the 3rd quarter worth approximately $43,000. GS Investments Inc. raised its stake in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the period. Finally, Cedar Wealth Management LLC acquired a new position in shares of Roku during the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

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.