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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 transaction 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 transaction of $75,000.00.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $75.89 on Friday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $99.80. The company has a market cap of $11.02 billion, a PE ratio of -63.24 and a beta of 2.05. The business has a 50-day simple moving average of $76.74 and a two-hundred day simple moving average of $70.66.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Roku’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm posted ($2.33) EPS. On average, sell-side analysts predict that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its stake in Roku by 1.7% in the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after acquiring an additional 244,793 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Roku in the third quarter valued at about $129,015,000. Westfield Capital Management Co. LP raised its stake in shares of Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after purchasing an additional 856,401 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after purchasing an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after buying an additional 507,643 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROKU has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group cut their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. UBS Group started coverage on shares of Roku in a research note on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. Piper Sandler raised their target price on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Citigroup boosted their price target on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $82.62.

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.