Roku, Inc. (NASDAQ:ROKU) CFO Sells $76,250.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the transaction, the chief financial officer now owns 53,267 shares of the company’s stock, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 17th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $75.33, for a total value of $75,330.00.

Roku Stock Up 4.1 %

Shares of ROKU stock opened at $80.07 on Friday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The firm’s 50 day moving average price is $70.53 and its two-hundred day moving average price is $62.83. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of -23.07 and a beta of 2.08.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.76) EPS. On average, equities analysts forecast that Roku, Inc. will post -1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the topic of a number of analyst reports. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 23rd. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research report on Thursday, September 12th. Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $72.00 in a report on Thursday, September 5th. Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Finally, Robert W. Baird upped their price objective on shares of Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $81.24.

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP grew its position in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Roku in the third quarter valued at $43,000. Benjamin Edwards Inc. grew its holdings in Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Roku by 123.4% during the 2nd 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 period. Finally, Geneos Wealth Management Inc. lifted its holdings in Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after buying an additional 610 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

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.