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

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, February 18th, Dan Jedda sold 2,000 shares of Roku stock. The shares were 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 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 stock was sold at an average price of $77.18, for a total transaction of $77,180.00.

Roku Price Performance

Shares of ROKU stock traded up $2.94 on Monday, reaching $81.23. 4,176,216 shares of the company were exchanged, compared to its average volume of 3,693,164. The company has a 50-day moving average of $80.89 and a 200-day moving average of $77.32. The company has a market cap of $11.86 billion, a price-to-earnings ratio of -91.27 and a beta of 2.12. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Remove Ads

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.15 billion. As a group, sell-side analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROKU. JMP Securities boosted their price objective on Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Citigroup upgraded Roku from a "neutral" rating to an "outperform" rating in a report on Sunday. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. JPMorgan Chase & Co. boosted 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. Finally, 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 research note on Friday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $97.67.

Hedge Funds Weigh In On Roku

A number of large investors have recently modified their holdings of the company. FMR LLC raised its holdings in Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the last quarter. Vanguard Group Inc. raised 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 last quarter. Marshall Wace LLP lifted its position in Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after acquiring an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in 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 valued at $168,734,000 after acquiring an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after purchasing an additional 56,820 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.