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 stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total transaction of $199,900.00. Following the completion of the sale, the chief financial officer now directly owns 56,555 shares of the company’s stock, valued at $5,652,672.25. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

Roku stock opened at $92.41 on Thursday. The firm’s 50-day moving average is $81.34 and its 200-day moving average is $74.61. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The company has a market cap of $13.42 billion, a P/E ratio of -103.83 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.39%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts predict that Roku, Inc. will post -0.8 earnings per share for the current year.

Institutional Trading of Roku

A number of large investors have recently modified their holdings of the company. FMR LLC increased its holdings in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Vanguard Group Inc. increased its holdings in shares of Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after acquiring an additional 185,676 shares during the period. Marshall Wace LLP increased its holdings in shares of Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after acquiring an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Roku by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after acquiring an additional 215,841 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after acquiring an additional 56,820 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Loop Capital raised their price target on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a report on Monday, December 9th. Bank of America raised their price target on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group lowered their price target 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. Finally, Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and raised their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average 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.