Insider Selling: Roku, Inc. (NASDAQ:ROKU) CFO 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 on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $82.73, for a total value 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 Trading Down 1.8 %

Shares of Roku stock traded down $1.37 during trading on Thursday, hitting $75.16. 3,021,826 shares of the stock were exchanged, compared to its average volume of 3,028,801. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of -62.63 and a beta of 2.05. The company has a fifty day moving average price of $76.64 and a 200-day moving average price of $70.53.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned ($2.33) EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts forecast that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ROKU. Loop Capital lifted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Citigroup increased their target price on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Bank of America boosted their target price on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Moffett Nathanson cut Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a research note on Friday, January 10th. Three investment 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $82.62.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently modified their holdings of ROKU. FMR LLC lifted its position in 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 acquiring an additional 244,793 shares during the last quarter. Holocene Advisors LP bought a new stake in Roku in the 3rd quarter valued at $129,015,000. Westfield Capital Management Co. LP grew its holdings in Roku by 126.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after buying an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after buying an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings 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 buying an additional 507,643 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

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.