Insider Selling: Roku, Inc. (NASDAQ:ROKU) CFO Sells 5,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares in the company, valued at approximately $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value 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 value of $82,730.00.

Roku Trading Down 3.3 %

Shares of NASDAQ:ROKU opened at $95.80 on Wednesday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The company has a market capitalization of $13.91 billion, a PE ratio of -79.83 and a beta of 2.05. The business has a 50 day moving average of $80.86 and a two-hundred day moving average of $74.18.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Equities research analysts predict that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Institutional Trading of Roku

A number of institutional investors and hedge funds have recently made changes to their positions in ROKU. FMR LLC increased its position in shares of Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock valued at $1,426,134,000 after buying an additional 4,613,570 shares in the last quarter. Marshall Wace LLP increased its position in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after buying an additional 2,030,036 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Roku in the third quarter valued at approximately $129,015,000. Cadian Capital Management LP purchased a new stake in shares of Roku during the fourth quarter worth approximately $87,632,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock worth $96,402,000 after purchasing an additional 1,082,548 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on ROKU. UBS Group raised their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Jefferies Financial Group lowered their price target on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Finally, Loop Capital lifted their target price on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roku presently 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.