Dan Jedda Sells 2,000 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total transaction of $199,900.00. Following the transaction, the chief financial officer now owns 56,555 shares in the company, valued at approximately $5,652,672.25. This trade represents a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00.
• 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 Performance

Shares of ROKU opened at $92.41 on Thursday. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of -103.83 and a beta of 2.05. The company’s 50 day simple moving average is $81.34 and its 200 day simple moving average is $74.61. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.39%. Equities analysts expect that Roku, Inc. will post -0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new position in Roku during the fourth quarter worth approximately $30,000. Raelipskie Partnership acquired a new position in Roku during the third quarter worth approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the fourth quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Rosenblatt Securities reissued a “neutral” rating and set a $86.00 price objective on shares of Roku in a report on Thursday, February 13th. Moffett Nathanson downgraded shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a report on Friday, January 10th. Jefferies Financial Group decreased their price objective 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. Finally, Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.62.

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.