Dan Jedda Sells 1,000 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the transaction, the chief financial officer now owns 64,555 shares in the company, valued at $5,340,635.15. This represents a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 19th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00.
• On Tuesday, October 15th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00.

Roku Stock Down 5.9 %

NASDAQ:ROKU opened at $78.49 on Thursday. The stock has a market cap of $11.40 billion, a PE ratio of -65.41 and a beta of 2.06. The business’s 50-day simple moving average is $75.26 and its two-hundred day simple moving average is $67.48. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned ($2.33) EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raelipskie Partnership purchased a new stake in Roku in the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC lifted its position in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Roku in the third quarter worth about $43,000. GS Investments Inc. boosted its stake in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC purchased a new position in Roku during the 2nd quarter valued at approximately $48,000. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Wednesday, December 4th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a research note on Thursday, September 12th. Finally, Loop Capital raised their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.81.

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.