Roku, Inc. (NASDAQ:ROKU) CFO Sells $502,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the sale, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $199,900.00.
• On Wednesday, January 15th, Dan Jedda sold 1,000 shares of Roku stock. The shares were 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 stock was sold at an average price of $82.73, for a total value of $82,730.00.

Roku Stock Performance

Roku stock opened at $92.41 on Thursday. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of -103.83 and a beta of 2.05. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The stock’s fifty day moving average is $81.34 and its two-hundred day moving average is $74.61.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.39%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts forecast that Roku, Inc. will post -0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Piper Sandler lifted their price objective on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Bank of America increased their target price on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Rosenblatt Securities reiterated a “neutral” rating and issued a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Finally, Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned 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 price target of $92.62.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Roku during the fourth quarter valued at $30,000. Raelipskie Partnership purchased a new stake in Roku during the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku in the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile

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.