Dan Jedda Sells 7,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $157.11, for a total transaction of $1,099,770.00. Following the completion of the transaction, the chief financial officer directly owned 65,963 shares of the company’s stock, valued at approximately $10,363,446.93. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $143.87, for a total value of $1,007,090.00.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $157.78 on Wednesday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $159.69. The stock’s 50-day simple moving average is $142.63 and its 200-day simple moving average is $118.85. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 67.43 and a beta of 2.01.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $0.07 earnings per share. Roku’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post 2.82 EPS for the current year.

Hedge Funds Weigh In On Roku

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Roku by 18.6% during the first quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after purchasing an additional 515 shares during the period. Focus Partners Wealth bought a new stake in shares of Roku during the 1st quarter valued at about $229,000. EverSource Wealth Advisors LLC grew its position in shares of Roku by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $123,000 after buying an additional 826 shares during the last quarter. First Trust Advisors LP raised its stake in Roku by 231.0% during the second quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock worth $6,221,000 after acquiring an additional 49,399 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in Roku during the second quarter worth about $326,000. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of research analyst reports. Susquehanna lowered shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target for the company. in a research note on Tuesday, June 16th. Citigroup raised their price objective on shares of Roku from $120.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. UBS Group boosted their target price on shares of Roku from $126.00 to $172.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 target price (down from $167.00) on shares of Roku in a research note on Friday. Finally, William Blair cut shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.17.

Roku Company Profile

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.