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

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $107.44, for a total transaction of $322,320.00. Following the completion of the sale, the chief financial officer directly owned 90,267 shares in the company, valued at $9,698,286.48. This trade represents a 3.22% decrease in their position. The sale 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 Monday, November 17th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $99.09, for a total value of $297,270.00.
• 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.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $111.09 on Wednesday. The business’s fifty day moving average price is $99.45 and its two-hundred day moving average price is $93.36. The stock has a market cap of $16.41 billion, a PE ratio of -555.42 and a beta of 1.98. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The business 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 business’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) earnings per share. As a group, equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of Roku by 275.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after purchasing an additional 1,897,407 shares in the last quarter. Tableaux LLC purchased a new position in Roku in the second quarter valued at approximately $1,746,000. Acadian Asset Management LLC raised its holdings in Roku by 456.7% in the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after buying an additional 1,563,449 shares during the period. Holocene Advisors LP lifted its position 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 buying an additional 1,285,585 shares in the last quarter. Finally, Duquesne Family Office LLC grew its stake in Roku by 123.0% during the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after buying an additional 606,900 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler raised shares of Roku from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $88.00 to $135.00 in a research note on Monday, November 3rd. Pivotal Research raised their target price on shares of Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $116.00 target price on shares of Roku in a research note on Tuesday, October 28th. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a report on Sunday, December 7th. Finally, JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of Roku in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.91.

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.