Dan Jedda Sells 3,000 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 3,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $99.09, for a total value of $297,270.00. Following the completion of the sale, the chief financial officer owned 77,420 shares of the company’s stock, valued at $7,671,547.80. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, October 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $95.82, for a total value of $287,460.00.
• On Monday, September 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $94.52, for a total value of $283,560.00.

Roku Price Performance

Roku stock traded down $2.17 during mid-day trading on Wednesday, hitting $93.10. The company’s stock had a trading volume of 2,314,352 shares, compared to its average volume of 3,753,766. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66. The firm’s 50 day moving average is $99.53 and its 200 day moving average is $89.05. The company has a market cap of $13.76 billion, a PE ratio of -465.48 and a beta of 2.18.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

ROKU has been the subject of a number of research reports. Raymond James Financial reissued a “market perform” rating on shares of Roku in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. Susquehanna restated a “positive” rating and issued a $130.00 target price on shares of Roku in a research note on Friday, October 31st. KeyCorp reaffirmed an “overweight” rating and set a $116.00 price target on shares of Roku in a research note on Tuesday, October 28th. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Roku in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after buying an additional 1,897,407 shares during the period. Tableaux LLC bought a new position in Roku in the 2nd quarter worth $1,746,000. Acadian Asset Management LLC lifted its position in Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock worth $134,222,000 after acquiring an additional 1,563,449 shares during the last quarter. Holocene Advisors LP boosted its holdings in Roku by 352.3% during the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after acquiring an additional 1,285,585 shares during the period. Finally, Duquesne Family Office LLC boosted its holdings in Roku by 123.0% during the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock valued at $96,723,000 after acquiring an additional 606,900 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

About Roku

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.