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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the sale, the chief financial officer now directly owns 64,555 shares of the company’s stock, valued at approximately $5,340,635.15. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 transaction of $75,000.00.
• On Tuesday, October 15th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00.

Roku Stock Performance

Shares of ROKU opened at $78.49 on Thursday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $99.80. The firm’s 50-day simple moving average is $75.26 and its two-hundred day simple moving average is $67.48. The stock has a market cap of $11.40 billion, a PE ratio of -65.41 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.33) EPS. Equities research analysts predict that Roku, Inc. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $105.00 target price on shares of Roku in a report on Thursday, September 12th. Loop Capital increased their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price on the stock in a research note on Thursday, September 12th. Morgan Stanley upped their target price on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group cut their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.81.

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kessler Investment Group LLC grew its position in Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after purchasing an additional 13,590 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Roku in the third quarter worth approximately $129,015,000. National Bank of Canada FI grew its holdings in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the last quarter. EULAV Asset Management increased its position in shares of Roku by 59.1% during the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after acquiring an additional 68,000 shares in the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new position in Roku in the 2nd quarter worth approximately $1,142,000. 86.30% of the stock is currently owned by institutional investors.

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.