Roku, Inc. (NASDAQ:ROKU) CFO Sells $77,180.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 16th, Dan Jedda sold 1,000 shares of Roku stock. The stock was 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 stock was sold at an average price of $75.00, for a total transaction of $75,000.00.

Roku Stock Up 1.0 %

NASDAQ ROKU opened at $75.89 on Friday. The company has a fifty day moving average of $76.74 and a two-hundred day moving average of $70.72. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of -63.24 and a beta of 2.05. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company 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 quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.33) earnings per share. Equities research analysts anticipate that Roku, Inc. will post -1.09 EPS for the current year.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently made changes to their positions in ROKU. Holocene Advisors LP bought a new stake in shares of Roku during the third quarter worth $129,015,000. Westfield Capital Management Co. LP lifted its position in shares of Roku by 126.1% during 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. Point72 Asset Management L.P. lifted its position in shares of Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after purchasing an additional 507,643 shares during the last quarter. JAT Capital Mgmt LP lifted its position in shares of Roku by 470.2% during the third quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock worth $40,359,000 after purchasing an additional 445,777 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Roku by 1.7% during the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after purchasing an additional 244,793 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ROKU. JPMorgan Chase & Co. raised their target price on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price objective on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Moffett Nathanson cut shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research report on Friday, January 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $82.62.

About Roku

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.