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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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.
• 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 value of $75,000.00.

Roku Trading Up 1.0 %

NASDAQ:ROKU opened at $75.89 on Friday. The company has a market cap of $11.02 billion, a P/E ratio of -63.24 and a beta of 2.05. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $99.80. The company’s 50-day moving average price is $76.74 and its 200-day moving average price is $70.66.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company posted ($2.33) EPS. On average, analysts expect that Roku, Inc. will post -1.09 earnings per share for the current year.

Hedge Funds Weigh In On Roku

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Choreo LLC acquired a new position in shares of Roku during the 2nd quarter valued at about $324,000. American Century Companies Inc. boosted its holdings in Roku by 3.5% in the 2nd quarter. American Century Companies Inc. now owns 25,847 shares of the company’s stock valued at $1,549,000 after purchasing an additional 877 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Roku by 6.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 16,430 shares of the company’s stock valued at $982,000 after buying an additional 1,022 shares during the period. Federated Hermes Inc. grew its stake in shares of Roku by 32.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,695 shares of the company’s stock valued at $102,000 after buying an additional 417 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Roku by 20.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 110,616 shares of the company’s stock valued at $6,629,000 after buying an additional 19,002 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ROKU. Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Bank of America lifted their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Jefferies Financial Group lowered their target price on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price target on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.62.

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.