Roku, Inc. (NASDAQ:ROKU) CFO Sells $199,900.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total transaction of $199,900.00. Following the sale, the chief financial officer now directly owns 56,555 shares of the company’s stock, valued at approximately $5,652,672.25. This represents a 3.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The stock was sold at an average price of $100.40, for a total value of $502,000.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $77.18, for a total value of $77,180.00.
• 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.

Roku Trading Down 3.3 %

NASDAQ:ROKU traded down $3.27 during midday trading on Tuesday, reaching $95.80. The company had a trading volume of 6,051,135 shares, compared to its average volume of 3,783,389. The stock’s fifty day simple moving average is $80.86 and its 200-day simple moving average is $74.18. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of -79.83 and a beta of 2.05.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, sell-side analysts expect that Roku, Inc. will post -1.09 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Roku in a research report on Monday, February 10th. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley increased their price objective on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Macquarie restated an “outperform” rating and issued a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average target price of $92.62.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Roku by 227.7% during the third quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock worth $634,000 after purchasing an additional 5,902 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares during the last quarter. Kessler Investment Group LLC boosted its position in shares of Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,590 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Roku by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after acquiring an additional 202 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Roku by 8,030.0% during the 3rd quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock worth $8,122,000 after acquiring an additional 107,442 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.