Dan Jedda Sells 3,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $88.88, for a total value of $266,640.00. Following the completion of the transaction, the chief financial officer owned 84,267 shares of the company’s stock, valued at approximately $7,489,650.96. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, January 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $107.56, for a total value of $322,680.00.
• On Monday, December 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $107.44, for a total transaction of $322,320.00.

Roku Trading Down 0.6%

Shares of ROKU opened at $89.06 on Friday. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 156.25 and a beta of 1.99. The firm’s fifty day simple moving average is $102.37 and its 200-day simple moving average is $98.89.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.Roku’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.24) EPS. On average, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roku

A number of large investors have recently modified their holdings of ROKU. Blue Trust Inc. raised its stake in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. Aventura Private Wealth LLC purchased a new position in Roku in the fourth quarter valued at about $26,000. Westfuller Advisors LLC purchased a new position in Roku in the third quarter valued at about $30,000. WPG Advisers LLC acquired a new stake in Roku during the 4th quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Roku during the 4th quarter worth approximately $31,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several research analyst reports. Arete Research set a $132.00 price objective on Roku and gave the company a “buy” rating in a report on Monday, January 5th. Raymond James Financial reissued a “market perform” rating on shares of Roku in a report on Friday, October 31st. Moffett Nathanson reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Roku in a report on Friday, February 13th. Jefferies Financial Group raised shares of Roku from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $135.00 in a report on Thursday, December 11th. Finally, Oppenheimer increased their price objective on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.96.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.