Roku, Inc. (NASDAQ:ROKU) CFO Sells $75,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 Stock Up 6.1 %

Shares of NASDAQ ROKU opened at $78.29 on Monday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The business has a 50 day moving average price of $80.89 and a two-hundred day moving average price of $77.32. The firm has a market cap of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Bank of America boosted their price target on Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $125.00 in a research note on Friday, February 14th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $129.00 in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. One investment 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’s stock. Based on data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $96.71.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently modified their holdings of ROKU. Wealth Enhancement Advisory Services LLC lifted its position in shares of Roku by 19.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock worth $463,000 after purchasing an additional 1,024 shares during the last quarter. Audent Global Asset Management LLC raised its stake in Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock valued at $1,571,000 after buying an additional 14,584 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in Roku during the 4th quarter worth approximately $1,681,000. Fluent Financial LLC acquired a new position in shares of Roku in the 4th quarter worth approximately $660,000. Finally, United Advisor Group LLC increased its holdings in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock valued at $1,073,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

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.