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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares in the company, valued at $4,087,933.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roku Price Performance

ROKU opened at $77.45 on Friday. The stock has a market capitalization of $11.21 billion, a P/E ratio of -19.41 and a beta of 2.06. The company’s 50 day simple moving average is $63.03 and its 200-day simple moving average is $61.07. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned ($0.76) EPS. As a group, analysts anticipate that Roku, Inc. will post -1.45 EPS for the current year.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its position in Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after buying an additional 187 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after buying an additional 610 shares during the period. Finally, Cedar Wealth Management LLC bought a new position in Roku in the second quarter valued at approximately $48,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROKU has been the subject of a number of analyst reports. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a report on Thursday, September 12th. Macquarie cut their price target on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company raised Roku from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $72.00 in a report on Thursday, September 5th. Bank of America dropped their target price on Roku from $85.00 to $75.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Roku in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus price target of $78.75.

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.