Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda Sells 5,000 Shares

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the sale, the chief financial officer now directly owns 58,555 shares in the company, valued at $5,878,922. This trade represents a 7.87 % decrease in their position. 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 Tuesday, February 18th, Dan Jedda sold 2,000 shares of Roku stock. The stock was sold at an average price of $99.95, for a total value of $199,900.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $77.18, for a total value of $77,180.00.
• 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.

Roku Stock Performance

ROKU traded down $3.27 on Tuesday, hitting $95.80. 6,051,135 shares of the company were exchanged, compared to its average volume of 3,783,389. The firm has a fifty day simple moving average of $80.86 and a two-hundred day simple moving average of $74.18. The stock has a market capitalization of $13.91 billion, a PE ratio of -79.83 and a beta of 2.05. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, equities analysts expect that Roku, Inc. will post -1.09 earnings per share for the current year.

Institutional Trading of Roku

Several large investors have recently modified their holdings of ROKU. FMR LLC raised its holdings in shares of Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares in the last quarter. Marshall Wace LLP raised its holdings in Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after purchasing an additional 2,030,036 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Roku during the 3rd quarter valued at about $129,015,000. Cadian Capital Management LP bought a new stake in shares of Roku during the 4th quarter valued at about $87,632,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock valued at $96,402,000 after buying an additional 1,082,548 shares during the period. 86.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ROKU. Rosenblatt Securities restated a “neutral” rating and set a $86.00 target price on shares of Roku in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $125.00 in a report on Friday. Jefferies Financial Group reduced their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Friday, November 1st. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.62.

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.