Roku (NASDAQ:ROKU) CFO Sells 7,000 Shares

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $156.81, for a total transaction of $1,097,670.00. Following the completion of the transaction, the chief financial officer owned 74,811 shares in the company, valued at $11,731,112.91. The trade was a 8.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $157.11, for a total transaction of $1,099,770.00.

Roku Stock Down 1.0%

Shares of Roku stock traded down $1.50 during trading hours on Wednesday, hitting $155.12. The company’s stock had a trading volume of 2,187,629 shares, compared to its average volume of 3,490,726. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $159.89. The business has a fifty day moving average of $150.64 and a 200 day moving average of $128.22. The company has a market capitalization of $23.02 billion, a PE ratio of 66.29 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.47. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. On average, sell-side analysts anticipate that Roku, Inc. will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roku

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayban increased its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Roku by 208.7% in the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock valued at $44,000 after purchasing an additional 215 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in Roku during the 4th quarter valued at approximately $45,000. Hilton Head Capital Partners LLC grew its stake in Roku by 175.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 550 shares of the company’s stock valued at $52,000 after purchasing an additional 350 shares in the last quarter. Finally, WPG Advisers LLC increased its holdings in Roku by 96.8% during the 1st quarter. WPG Advisers LLC now owns 561 shares of the company’s stock worth $53,000 after purchasing an additional 276 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. UBS Group boosted their price objective on Roku from $126.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. William Blair lowered Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Rosenblatt Securities reiterated a “buy” rating and set a $160.00 target price on shares of Roku in a report on Monday, August 10th. Seaport Research Partners lowered Roku from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $156.17.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. Its Roku operating system powers streaming players, Roku-branded televisions and smart-TV products made by licensing partners. The platform provides access to streaming services, live television, movies, music and other applications.

The company also operates The Roku Channel, its own ad-supported streaming service offering licensed and original content, including movies, television programs, live channels and premium subscription options.