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 Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. This represents a 1.43 % decrease in their ownership of the stock. The sale 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 Tuesday, February 18th, Dan Jedda sold 2,000 shares of Roku stock. The shares were sold at an average price of $99.95, for a total transaction of $199,900.00.
• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $77.18, for a total value of $77,180.00.

Roku Stock Up 6.1 %

Shares of NASDAQ ROKU opened at $78.29 on Friday. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12. The stock’s fifty day simple moving average is $80.89 and its 200 day simple moving average is $77.14.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Roku

Several institutional investors have recently bought and sold shares of ROKU. Swiss National Bank increased its stake in Roku by 1.3% during the 3rd quarter. Swiss National Bank now owns 376,800 shares of the company’s stock worth $28,132,000 after purchasing an additional 5,000 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Roku in the 3rd quarter valued at $253,000. Avior Wealth Management LLC boosted its stake in shares of Roku by 104.5% in the third quarter. Avior Wealth Management LLC now owns 6,418 shares of the company’s stock valued at $479,000 after buying an additional 3,280 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Roku during the third quarter worth about $1,969,000. Finally, GS Investments Inc. lifted its holdings in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ROKU shares. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. UBS Group upped their price objective on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and lifted their target price for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Finally, JMP Securities increased their price objective on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roku has an average rating of “Moderate Buy” and an average target price of $96.71.

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.