Insider Selling: Roku, Inc. (NASDAQ:ROKU) CFO Sells 2,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total transaction of $199,900.00. Following the completion of the sale, the chief financial officer now owns 56,555 shares in the company, valued at $5,652,672.25. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, February 14th, Dan Jedda sold 5,000 shares of Roku stock. The shares were sold at an average price of $100.40, for a total value 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 value of $77,180.00.
• On Monday, December 16th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $82.73, for a total value of $82,730.00.

Roku Stock Performance

ROKU opened at $92.79 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm has a 50 day moving average price of $81.56 and a 200 day moving average price of $74.73. The company has a market cap of $13.47 billion, a PE ratio of -104.26 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.39%. On average, sell-side analysts predict that Roku, Inc. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ROKU. FMR LLC boosted its position in shares of Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the period. Marshall Wace LLP lifted its position in Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after acquiring an additional 2,030,036 shares in the last quarter. Holocene Advisors LP purchased a new position in Roku in the 3rd quarter worth approximately $129,015,000. Cadian Capital Management LP acquired a new stake in Roku in the fourth quarter valued at approximately $87,632,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock valued at $96,402,000 after purchasing an additional 1,082,548 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group upped their price objective on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JMP Securities raised their target price on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Finally, Benchmark raised their price objective on Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.00.

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.