Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda Sells 1,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The sale 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 stock was sold at an average price of $82.73, for a total transaction of $82,730.00.
• On Tuesday, November 19th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $75.00, for a total value of $75,000.00.

Roku Stock Down 1.8 %

NASDAQ ROKU opened at $75.16 on Friday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80. The stock’s 50-day moving average price is $76.70 and its 200-day moving average price is $70.57.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned ($2.33) EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, research analysts anticipate that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently bought and sold shares of ROKU. FMR LLC lifted its position in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after acquiring an additional 244,793 shares in the last quarter. Holocene Advisors LP bought a new stake in Roku during the 3rd quarter valued at approximately $129,015,000. Westfield Capital Management Co. LP lifted 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 worth $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Roku by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after purchasing an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after purchasing an additional 507,643 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Jefferies Financial Group decreased their target price on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Roku in a report on Wednesday, January 8th. Citigroup boosted their price objective on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Hold” and an average price target of $82.62.

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.