Roku, Inc. (NASDAQ:ROKU) CFO Sells $75,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares of the company’s stock, valued at $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

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

Roku Stock Up 6.1 %

Shares of Roku stock opened at $78.29 on Monday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market capitalization of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12. The stock’s fifty day moving average is $80.89 and its 200-day moving average is $77.32.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Roku

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Citigroup raised Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.71.

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.