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

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the sale, the chief financial officer now owns 64,555 shares in the company, valued at $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 stock was sold at an average price of $76.25, for a total transaction of $76,250.00.

Roku Stock Performance

Shares of ROKU stock traded down $0.05 during midday trading on Tuesday, hitting $83.39. 2,152,432 shares of the company were exchanged, compared to its average volume of 4,384,939. The firm has a market capitalization of $12.11 billion, a P/E ratio of -69.74 and a beta of 2.06. The firm's 50 day moving average price is $75.14 and its two-hundred day moving average price is $67.22. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80.

Roku (NASDAQ:ROKU - Get Free Report) 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. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Roku's revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.33) EPS. Analysts expect that Roku, Inc. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROKU. Bank of America raised their price target on shares of Roku from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Morgan Stanley raised their price target on shares of Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Wolfe Research raised shares of Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 price target for the company in a research note on Thursday, September 12th. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $80.00 price target for the company in a research note on Tuesday, October 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Roku in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.81.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in Roku by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock worth $6,275,000 after purchasing an additional 10,416 shares in the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Roku in the 3rd quarter valued at approximately $827,000. M&T Bank Corp raised its position in shares of Roku by 19.1% in the 3rd quarter. M&T Bank Corp now owns 7,024 shares of the company's stock valued at $525,000 after buying an additional 1,126 shares in the last quarter. Raelipskie Partnership acquired a new position in shares of Roku in the 3rd quarter valued at approximately $32,000. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Roku by 14.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,420 shares of the company's stock valued at $2,719,000 after buying an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.