Insider Selling: Roku (NASDAQ:ROKU) CFO Sells $322,680.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $107.56, for a total value of $322,680.00. Following the completion of the sale, the chief financial officer directly owned 87,267 shares of the company’s stock, valued at approximately $9,386,438.52. This trade represents a 3.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $107.44, for a total value of $322,320.00.
• 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.

Roku Price Performance

NASDAQ:ROKU opened at $103.66 on Friday. The stock has a market cap of $15.32 billion, a PE ratio of -518.27 and a beta of 1.95. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66. The stock’s 50-day moving average is $104.34 and its two-hundred day moving average is $98.01.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Arete Research set a $132.00 target price on Roku and gave the stock a “buy” rating in a research report on Monday, January 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Roku in a research report on Wednesday, October 1st. Benchmark reiterated a “buy” rating on shares of Roku in a research note on Monday, October 27th. Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a research note on Sunday, December 7th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Roku in a report on Monday, January 5th. Twenty-three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.32.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently made changes to their positions in the business. West Tower Group LLC boosted its holdings in Roku by 128.6% during the second quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock valued at $703,000 after purchasing an additional 4,500 shares in the last quarter. CWM LLC boosted its stake in Roku by 345.4% in the 3rd quarter. CWM LLC now owns 84,010 shares of the company’s stock valued at $8,412,000 after buying an additional 65,150 shares in the last quarter. Diversified Trust Co grew its position in Roku by 73.6% in the second quarter. Diversified Trust Co now owns 20,548 shares of the company’s stock valued at $1,806,000 after acquiring an additional 8,710 shares during the period. ABLE Financial Group LLC grew its position in Roku by 40.4% in the second quarter. ABLE Financial Group LLC now owns 25,342 shares of the company’s stock valued at $2,227,000 after acquiring an additional 7,291 shares during the period. Finally, Highland Capital Management LLC raised its stake in Roku by 153.2% during the second quarter. Highland Capital Management LLC now owns 65,770 shares of the company’s stock worth $5,781,000 after acquiring an additional 39,797 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.