Dan Jedda Sells 2,000 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 2,000 shares of Roku stock in a transaction dated 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 transaction, the chief financial officer now 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 available at this hyperlink.

Dan Jedda also recently made the following trade(s):

• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The shares were 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 value of $77,180.00.
• On Monday, December 16th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $82.73, for a total value of $82,730.00.

Roku Price Performance

ROKU traded down $3.93 on Friday, hitting $88.86. The company had a trading volume of 3,363,289 shares, 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 stock has a fifty day simple moving average of $81.56 and a 200-day simple moving average of $74.73. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

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

Institutional Trading of Roku

A number of large investors have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. raised its stake in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Roku during the fourth quarter valued at $30,000. Raelipskie Partnership purchased a new stake in Roku during the third quarter valued at $32,000. Game Plan Financial Advisors LLC purchased a new stake in Roku during the fourth quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ROKU shares. JPMorgan Chase & Co. upped their target price on shares of Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Rosenblatt Securities reissued a "neutral" rating and set a $86.00 price objective on shares of Roku in a report on Thursday, February 13th. Macquarie reissued an "outperform" rating and set a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $55.00 to $100.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.