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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at $5,340,635.15. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, November 19th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $75.00, for a total value of $75,000.00.
• On Tuesday, October 15th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $76.25, for a total value of $76,250.00.

Roku Trading Down 0.1 %

Shares of Roku stock opened at $83.39 on Wednesday. The firm has a fifty day simple moving average of $75.14 and a 200-day simple moving average of $67.22. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of -69.49 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business posted ($2.33) EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently bought and sold shares of ROKU. Wealth Enhancement Advisory Services LLC lifted its stake in Roku by 19.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,836 shares of the company’s stock worth $410,000 after purchasing an additional 1,131 shares during the period. Blue Trust Inc. grew its position in Roku by 3,310.5% in the second quarter. Blue Trust Inc. now owns 2,592 shares of the company’s stock valued at $169,000 after acquiring an additional 2,516 shares during the period. First Horizon Advisors Inc. raised its stake in Roku by 14.4% during the second quarter. First Horizon Advisors Inc. now owns 3,531 shares of the company’s stock worth $212,000 after acquiring an additional 445 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Roku during the second quarter valued at $517,000. Finally, Richard W. Paul & Associates LLC grew its holdings in shares of Roku by 16.0% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 12,425 shares of the company’s stock worth $745,000 after purchasing an additional 1,718 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ROKU. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, August 23rd. UBS Group initiated coverage on shares of Roku in a research note on Friday, November 22nd. They set a “neutral” rating and a $73.00 price objective for the company. Rosenblatt Securities upped their target price on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler raised their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $85.00) on shares of Roku in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.81.

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.