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 firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 transaction 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 transaction of $75,000.00.

Roku Stock Down 1.8 %

Shares of ROKU stock traded down $1.37 during mid-day trading on Thursday, reaching $75.16. The stock had a trading volume of 3,021,826 shares, compared to its average volume of 3,028,801. The firm has a market cap of $10.91 billion, a PE ratio of -62.63 and a beta of 2.05. Roku, Inc. has a one year low of $48.33 and a one year high of $99.80. The firm’s 50 day simple moving average is $76.64 and its 200 day simple moving average is $70.53.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Rosenblatt Securities lifted their target price on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group lowered their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Macquarie reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $82.62.

Institutional Investors Weigh In On Roku

Large investors have recently modified their holdings of the stock. Choreo LLC bought a new stake in Roku in the second quarter valued at $324,000. American Century Companies Inc. grew its holdings in shares of Roku by 3.5% in the 2nd quarter. American Century Companies Inc. now owns 25,847 shares of the company’s stock worth $1,549,000 after purchasing an additional 877 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Roku by 6.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 16,430 shares of the company’s stock worth $982,000 after purchasing an additional 1,022 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Roku by 32.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,695 shares of the company’s stock valued at $102,000 after purchasing an additional 417 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Roku by 20.7% in the second 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 in the last quarter. 86.30% of the stock is currently 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.