Roku, Inc. (NASDAQ:ROKU) CFO Sells $199,900.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total value of $199,900.00. Following the sale, the chief financial officer now owns 56,555 shares in the company, valued at $5,652,672.25. The trade was a 3.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The shares were sold at an average price of $100.40, for a total value of $502,000.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $77.18, for a total value of $77,180.00.
• 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.

Roku Stock Down 3.3 %

ROKU opened at $95.80 on Wednesday. The firm has a market cap of $13.91 billion, a PE ratio of -79.83 and a beta of 2.05. The business has a fifty day simple moving average of $80.86 and a 200-day simple moving average of $74.18. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. On average, equities research analysts anticipate that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Trading of Roku

A number of hedge funds have recently modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new stake in shares of Roku in the fourth quarter valued at $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Roku by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,191 shares of the company’s stock worth $39,191,000 after acquiring an additional 37,945 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Roku by 8.2% during the fourth quarter. Waverly Advisors LLC now owns 3,765 shares of the company’s stock worth $280,000 after acquiring an additional 285 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Roku during the fourth quarter worth $1,970,000. Finally, Twinbeech Capital LP purchased a new stake in shares of Roku during the fourth quarter worth $4,615,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ROKU. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Piper Sandler increased their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Roku in a research report on Monday, February 10th. Rosenblatt Securities reiterated a “neutral” rating and set a $86.00 price target on shares of Roku in a research report on Thursday, February 13th. Finally, Morgan Stanley increased their price target on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.62.

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.