Insider Selling: Roku, Inc. (NASDAQ:ROKU) CFO Sells 1,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 68,843 shares of the company’s stock, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $199,900.00.
• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00.

Roku Price Performance

NASDAQ:ROKU traded up $4.47 during trading hours on Friday, reaching $78.29. The company had a trading volume of 5,830,318 shares, compared to its average volume of 3,690,932. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The firm has a market cap of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12. The business’s 50 day moving average price is $80.91 and its 200-day moving average price is $77.07.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. FMR LLC raised its position in Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Marshall Wace LLP increased its stake in shares of Roku by 663.9% during the fourth 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 acquired a new position in shares of Roku during the 3rd quarter worth about $129,015,000. Cadian Capital Management LP purchased a new position in Roku in the 4th quarter valued at about $87,632,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock worth $96,402,000 after buying an additional 1,082,548 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ROKU shares. JMP Securities upped their price target on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 price target on shares of Roku in a report on Thursday, February 13th. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Loop Capital upped their price target on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Bank of America upped their price target on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roku has an average rating of “Moderate Buy” and a consensus target price of $96.71.

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.