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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares of the company’s stock, valued at $5,163,225. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $99.95, for a total transaction 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 Trading Up 6.1 %

NASDAQ ROKU opened at $78.29 on Friday. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock’s fifty day moving average price is $80.89 and its 200-day moving average price is $77.14. The stock has a market cap of $11.43 billion, a P/E ratio of -87.97 and a beta of 2.12.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ROKU. Citigroup boosted their target price on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Rosenblatt Securities reissued a “neutral” rating and set a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Bank of America increased their price target on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average price target of $96.71.

Institutional Investors Weigh In On Roku

A number of large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in shares of Roku by 369.9% in the fourth 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 bought a new position in Roku during the fourth quarter valued at $30,000. Raelipskie Partnership purchased a new stake in Roku in the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC bought a new stake in shares of Roku during the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

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.