Insider Selling: Roku (NASDAQ:ROKU) CFO Sells $857,920.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $122.56, for a total transaction of $857,920.00. Following the completion of the transaction, the chief financial officer directly owned 71,115 shares in the company, valued at $8,715,854.40. The trade was a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $107.00, for a total transaction of $749,000.00.
• On Monday, March 16th, Dan Jedda sold 15,000 shares of Roku stock. The shares were sold at an average price of $94.23, for a total transaction of $1,413,450.00.
• On Tuesday, February 17th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $88.88, for a total transaction of $266,640.00.

Roku Price Performance

Shares of ROKU opened at $124.16 on Thursday. The firm has a market capitalization of $18.30 billion, a PE ratio of 93.35 and a beta of 2.04. The company’s 50-day moving average is $107.90 and its 200-day moving average is $103.27. Roku, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $131.39.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.19) EPS. Analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROKU. Evercore reiterated an “outperform” rating and set a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. UBS Group reiterated an “outperform” rating and set a $145.00 price objective on shares of Roku in a research report on Friday, May 1st. Rosenblatt Securities increased their price objective on Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citizens Jmp increased their price objective on Roku from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Finally, Moffett Nathanson reiterated a “neutral” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, February 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $143.42.

Institutional Trading of Roku

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock worth $1,301,557,000 after purchasing an additional 322,858 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Roku by 10.6% during the 4th quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock worth $310,298,000 after purchasing an additional 274,024 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Roku by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after purchasing an additional 168,214 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Roku by 229.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after purchasing an additional 1,419,772 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is expanding its content offerings, including new free channels and a dedicated “Creators” hub, which can improve engagement, boost ad inventory, and make the platform more attractive to viewers and advertisers.
• Positive Sentiment: Cineverse launched new subscription channels on The Roku Channel, signaling continued third-party partner growth and more monetization opportunities for Roku’s platform. Article Title
• Positive Sentiment: Zacks highlighted Roku as a strong momentum stock, reinforcing bullish investor sentiment around the shares. Article Title
• Positive Sentiment: Analyst updates and options activity have leaned constructive, with price-target increases and bullish trade ideas suggesting Wall Street sees upside remaining in Roku.
• Neutral Sentiment: Recent articles about setting up VPNs, integrating Roku with other devices, and troubleshooting older Roku hardware are mostly consumer-help content and are unlikely to materially affect the stock.
• Negative Sentiment: The CFO sold shares in a pre-arranged 10b5-1 plan, which can weigh slightly on sentiment even though it does not necessarily signal a change in outlook. Article Title
• Negative Sentiment: One article noted that a Roku and TCL software update may have made some flatscreens unusable, which could create minor reputational concerns if the issue is widespread.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.