Insider Selling: Roku, Inc. (NASDAQ:ROKU) CFO Sells $82,730.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 64,555 shares in the company, valued at $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $76.25, for a total transaction of $76,250.00.

Roku Stock Down 0.1 %

NASDAQ:ROKU opened at $78.43 on Friday. The stock has a fifty day simple moving average of $75.28 and a 200 day simple moving average of $67.55. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of -65.36 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80.

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

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. FMR LLC lifted its holdings in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after purchasing an additional 244,793 shares in the last quarter. ARK Investment Management LLC raised its position in Roku by 1.3% during the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock valued at $762,096,000 after buying an additional 159,785 shares during the period. Holocene Advisors LP purchased a new stake in Roku in the 3rd quarter worth about $129,015,000. Westfield Capital Management Co. LP boosted its position in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after acquiring an additional 856,401 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after acquiring an additional 30,038 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ROKU shares. Piper Sandler boosted their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $105.00 price objective on shares of Roku in a research note on Thursday, September 12th. Wedbush reiterated an “outperform” rating and issued a $100.00 target price (up previously from $85.00) on shares of Roku in a research report on Friday, December 6th. Bank of America boosted their price target on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group decreased their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.81.

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.