Roku (NASDAQ:ROKU) CFO Dan Jedda Sells 15,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 15,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the completion of the sale, the chief financial officer directly owned 85,115 shares in the company, valued at approximately $8,020,386.45. This represents a 14.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, February 17th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $88.88, for a total value of $266,640.00.
• On Thursday, January 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $107.56, for a total value of $322,680.00.

Roku Trading Down 0.7%

NASDAQ ROKU opened at $95.66 on Thursday. The firm has a market capitalization of $14.10 billion, a PE ratio of 167.83 and a beta of 1.98. The business’s 50-day moving average price is $97.02 and its two-hundred day moving average price is $99.71. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned ($0.24) EPS. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the subject of several research analyst reports. Bank of America raised their price target on shares of Roku from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company increased their target price on Roku from $116.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of Roku in a research report on Friday, February 13th. Guggenheim increased their price objective on Roku from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, Stifel Nicolaus set a $160.00 target price on Roku in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Hedge Funds Weigh In On Roku

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in Roku during the 4th quarter valued at $26,000. WPG Advisers LLC bought a new position in shares of Roku during the fourth quarter valued at about $31,000. Safe Harbor Fiduciary LLC purchased a new stake in Roku in the 4th quarter worth approximately $31,000. Finally, Westfuller Advisors LLC purchased a new stake in Roku in the third quarter worth $30,000. 86.30% of the stock is currently owned by institutional investors.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.