Dan Jedda Sells 5,000 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the transaction, the chief financial officer now directly owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $199,900.00.
• 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 value 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 Down 4.2 %

Roku stock traded down $3.93 during mid-day trading on Friday, hitting $88.86. 3,363,289 shares of the company's stock were exchanged, compared to its average volume of 3,747,546. The firm has a market capitalization of $12.90 billion, a P/E ratio of -99.84 and a beta of 2.05. The company's 50 day simple moving average is $81.56 and its 200-day simple moving average is $74.73. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) 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 5.34%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its stake in shares of 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 during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku during the fourth quarter worth $30,000. Raelipskie Partnership bought a new stake in shares of Roku during the third quarter worth about $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after buying an additional 491 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROKU. Morgan Stanley lifted their price objective 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. Moffett Nathanson lowered shares of Roku from a "neutral" rating to a "sell" rating and set a $55.00 price objective on the stock. in a research note on Friday, January 10th. Piper Sandler increased their price objective on Roku from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.00.

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.