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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the transaction, the chief financial officer now owns 53,267 shares of the company’s stock, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 17th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00.

Roku Stock Performance

Shares of Roku stock traded down $1.37 on Wednesday, hitting $77.56. The company had a trading volume of 2,892,766 shares, compared to its average volume of 4,411,548. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of -22.35 and a beta of 2.08. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The stock has a 50 day moving average of $69.11 and a 200-day moving average of $62.52.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. Roku’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.76) EPS. Equities analysts anticipate that Roku, Inc. will post -1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quarry LP increased its stake in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Roku by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock valued at $1,086,533,000 after acquiring an additional 380,409 shares in the last quarter. Polianta Ltd increased its position in shares of Roku by 106.0% during the first quarter. Polianta Ltd now owns 17,100 shares of the company’s stock valued at $1,114,000 after acquiring an additional 8,800 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in Roku by 145.5% in the first quarter. Banque Cantonale Vaudoise now owns 5,758 shares of the company’s stock worth $375,000 after purchasing an additional 3,413 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in Roku in the 1st quarter valued at $897,000. 86.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and issued a $105.00 price objective on shares of Roku in a research report on Thursday, September 12th. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Friday, August 23rd. Bank of America lifted their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Citigroup boosted their target price on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wedbush restated an “outperform” rating and issued a $75.00 price target on shares of Roku in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $81.24.

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.