Insider Selling: Roku (NASDAQ:ROKU) CFO Sells $322,320.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $107.44, for a total transaction of $322,320.00. Following the completion of the sale, the chief financial officer owned 90,267 shares of the company’s stock, valued at $9,698,286.48. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, November 17th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $99.09, for a total value of $297,270.00.
• On Wednesday, October 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $95.82, for a total value of $287,460.00.

Roku Stock Performance

Shares of ROKU stock opened at $107.69 on Thursday. The stock’s 50 day simple moving average is $99.60 and its 200 day simple moving average is $93.46. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of -538.42 and a beta of 1.98.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROKU. JPMorgan Chase & Co. increased their target price on Roku from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Evercore ISI restated a “positive” rating on shares of Roku in a research note on Friday, October 31st. Guggenheim increased their price target on shares of Roku from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wedbush boosted their price objective on shares of Roku from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Benchmark reissued a “buy” rating on shares of Roku in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.91.

Hedge Funds Weigh In On Roku

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its position in Roku by 77.9% in the 3rd quarter. Allworth Financial LP now owns 3,796 shares of the company’s stock worth $380,000 after purchasing an additional 1,662 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Roku by 110.9% in the 3rd quarter. IFP Advisors Inc now owns 3,824 shares of the company’s stock valued at $383,000 after buying an additional 2,011 shares during the period. Caerus Investment Advisors LLC bought a new stake in shares of Roku during the third quarter worth $615,000. Captrust Financial Advisors lifted its stake in shares of Roku by 253.3% during the third quarter. Captrust Financial Advisors now owns 15,755 shares of the company’s stock valued at $1,578,000 after acquiring an additional 11,296 shares during the period. Finally, Danske Bank A S bought a new position in Roku in the third quarter valued at about $456,000. 86.30% of the stock is owned by institutional investors.

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.