Roku, Inc. (NASDAQ:ROKU) CFO Sells $502,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the transaction, the chief financial officer now directly owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. This trade represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, February 18th, Dan Jedda sold 2,000 shares of Roku stock. The shares were sold at an average price of $99.95, for a total transaction of $199,900.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00.
• 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.

Roku Stock Up 0.4 %

Roku stock opened at $92.79 on Friday. The firm has a 50-day moving average price of $81.56 and a two-hundred day moving average price of $74.73. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of -104.26 and a beta of 2.05. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.39%. Research analysts expect that Roku, Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROKU. Bank of America lifted their price target on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, February 14th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 target price on shares of Roku in a research report on Thursday, February 13th. Macquarie reissued an “outperform” rating and issued a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Loop Capital boosted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Citigroup lifted their price target on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.00.

Institutional Trading of Roku

A number of institutional investors have recently made changes to their positions in ROKU. Blue Trust Inc. lifted its stake in shares of Roku by 227.7% in the 3rd quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock worth $634,000 after acquiring an additional 5,902 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Roku by 11.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after acquiring an additional 222 shares during the period. Kessler Investment Group LLC lifted its stake in shares of Roku by 21.8% in the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,590 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Roku by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after acquiring an additional 202 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Roku by 8,030.0% in the 3rd quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock worth $8,122,000 after acquiring an additional 107,442 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Company Profile

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.