Dan Jedda Sells 7,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $157.11, for a total transaction of $1,099,770.00. Following the transaction, the chief financial officer owned 65,963 shares of the company’s stock, valued at approximately $10,363,446.93. The trade was a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $143.87, for a total transaction of $1,007,090.00.

Roku Trading Up 0.4%

Shares of Roku stock traded up $0.63 on Monday, reaching $158.31. 2,745,166 shares of the stock were exchanged, compared to its average volume of 2,630,244. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $158.51. The business has a fifty day moving average price of $141.89 and a two-hundred day moving average price of $118.45. The firm has a market capitalization of $23.50 billion, a PE ratio of 67.65 and a beta of 2.01.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.47. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Research analysts expect that Roku, Inc. will post 2.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ROKU shares. Citizens Jmp downgraded Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Morgan Stanley upped their target price on shares of Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $160.00 target price on shares of Roku in a report on Monday, August 10th. Piper Sandler downgraded shares of Roku from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $148.00 to $160.00 in a research report on Tuesday, June 16th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Roku in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Hold” and a consensus price target of $156.17.

Hedge Funds Weigh In On Roku

Hedge funds have recently added to or reduced their stakes in the business. Bayban grew its position in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Roku during the 4th quarter worth approximately $31,000. Safe Harbor Fiduciary LLC purchased a new stake in Roku in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its stake in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after buying an additional 158 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in Roku by 208.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock valued at $44,000 after buying an additional 215 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.