Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s share price fell 0.2% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $82.21 and last traded at $83.24. 318,332 shares changed hands during trading, a decline of 93% from the average session volume of 4,368,117 shares. The stock had previously closed at $83.39.
Specifically, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now owns 64,555 shares of the company's stock, valued at $5,340,635.15. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on ROKU shares. Wells Fargo & Company raised their target price on shares of Roku from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Roku from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Benchmark restated a "buy" rating and issued a $105.00 target price on shares of Roku in a report on Thursday, September 12th. Robert W. Baird upgraded Roku from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Macquarie restated an "outperform" rating and set a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.81.
Read Our Latest Stock Analysis on ROKU
Roku Price Performance
The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of -65.41 and a beta of 2.06. The firm has a 50 day moving average price of $75.24 and a 200-day moving average price of $67.40.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned ($2.33) EPS. Roku's revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts predict that Roku, Inc. will post -1.1 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ROKU. Raelipskie Partnership purchased a new position in Roku in the third quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Roku during the third quarter worth approximately $43,000. GS Investments Inc. lifted its position in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after acquiring an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC acquired a new position in Roku in the second quarter valued at $48,000. Hedge funds and other institutional investors own 86.30% of the company's stock.
About Roku
(
Get Free Report)
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.
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