Dan Jedda Sells 15,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 15,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $94.23, for a total value of $1,413,450.00. Following the completion of the transaction, the chief financial officer directly owned 85,115 shares in the company, valued at approximately $8,020,386.45. This represents a 14.98% 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 17th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $88.88, for a total value of $266,640.00.
• On Thursday, January 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $107.56, for a total transaction of $322,680.00.

Roku Stock Up 0.2%

NASDAQ ROKU opened at $95.86 on Friday. The company has a 50-day moving average price of $96.76 and a 200-day moving average price of $99.69. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The firm has a market capitalization of $14.13 billion, a P/E ratio of 168.18 and a beta of 1.98.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data 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. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted ($0.24) earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. increased its stake in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku in the fourth quarter valued at about $26,000. WPG Advisers LLC bought a new position in shares of Roku in the fourth quarter worth about $31,000. Safe Harbor Fiduciary LLC bought a new position in shares of Roku in the fourth quarter worth about $31,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of Roku during the third quarter worth about $30,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ROKU shares. Bank of America boosted their price objective on shares of Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, January 12th. UBS Group reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Roku in a report on Friday, February 13th. Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Weiss Ratings raised Roku from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $145.00 price target on shares of Roku in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Roku Company Profile

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.