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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $156.81, for a total transaction of $1,097,670.00. Following the completion of the transaction, the chief financial officer directly owned 74,811 shares in the company, valued at $11,731,112.91. This represents a 8.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $157.11, for a total value of $1,099,770.00.

Roku Trading Down 1.0%

Shares of Roku stock opened at $155.12 on Thursday. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 66.29 and a beta of 2.05. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The business’s 50 day simple moving average is $150.95 and its 200-day simple moving average is $128.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.47. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. Roku had a return on equity of 13.73% and a net margin of 6.82%.The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. Sell-side analysts predict that Roku, Inc. will post 2.85 earnings per share for the current year.

Hedge Funds Weigh In On Roku

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Roku by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after buying an additional 168,214 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Roku by 229.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock valued at $192,868,000 after acquiring an additional 1,419,772 shares in the last quarter. HBK Investments L P acquired a new position in shares of Roku during the second quarter valued at approximately $163,604,000. Fred Alger Management LLC increased its stake in shares of Roku by 7,087.7% during the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock valued at $154,212,000 after acquiring an additional 1,401,664 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Roku by 22.8% during the first quarter. Renaissance Technologies LLC now owns 1,565,100 shares of the company’s stock worth $148,090,000 after purchasing an additional 290,200 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the subject of a number of analyst reports. KeyCorp lowered shares of Roku from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 15th. Wolfe Research lowered shares of Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Seaport Research Partners cut Roku from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. Piper Sandler downgraded Roku from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $148.00 to $160.00 in a research report on Tuesday, June 16th. Finally, William Blair lowered Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $156.17.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Expanded advertising-data partnership: Horizon Media is integrating Roku’s TV viewing data into its Blu marketing-intelligence platform. The arrangement will help advertisers use Roku insights for cross-channel planning, campaign activation and optimization, potentially increasing the value of Roku’s advertising ecosystem and data assets. Horizon Media Integrates Roku TV Data into Blu Platform for Cross-Channel Optimization
• Positive Sentiment: Additional original content: Roku is developing the romantic comedy Cowboy Hearts, starring Kristin Cavallari. While the project is unlikely to materially affect near-term financial results, new programming could support user engagement and the Roku streaming platform’s content offering. Kristin Cavallari To Star As A Reality TV Producer In Romantic Comedy Cowboy Hearts For Roku
• Neutral Sentiment: Analyst consensus remains cautious: Roku received a consensus rating of “Hold,” suggesting analysts see limited immediate upside despite the company’s recent earnings strength. Roku’s shares trade at a relatively elevated valuation, with a reported P/E ratio above 66, increasing sensitivity to execution and growth expectations. Roku Receives Consensus Rating of Hold from Analysts
• Negative Sentiment: CFO reduced his holdings: Roku CFO Dan Jedda sold 7,000 shares for approximately $1.10 million, reducing his direct position by 8.56%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value, but insider selling can still add short-term pressure to investor sentiment. Roku CFO Form 4 Insider Sale

About Roku

Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. Its Roku operating system powers streaming players, Roku-branded televisions and smart-TV products made by licensing partners. The platform provides access to streaming services, live television, movies, music and other applications.

The company also operates The Roku Channel, its own ad-supported streaming service offering licensed and original content, including movies, television programs, live channels and premium subscription options.