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 on Tuesday, February 17th. The stock was sold at an average price of $88.88, for a total transaction of $266,640.00. Following the completion of the transaction, the chief financial officer directly owned 84,267 shares in the company, valued at approximately $7,489,650.96. The trade was a 3.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, January 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $107.56, for a total value of $322,680.00.
• 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.

Roku Stock Performance

Shares of Roku stock traded down $0.60 during midday trading on Thursday, reaching $89.61. 2,974,256 shares of the company’s stock traded hands, compared to its average volume of 3,902,453. The stock has a 50 day moving average of $103.07 and a 200-day moving average of $98.94. The company has a market cap of $13.24 billion, a PE ratio of 157.21 and a beta of 1.99. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) earnings per share. On average, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Compound Planning Inc. increased its position in shares of Roku by 32.4% during the 4th quarter. Compound Planning Inc. now owns 3,688 shares of the company’s stock valued at $400,000 after purchasing an additional 902 shares during the period. Invesco Ltd. raised its stake in Roku by 6.8% during the 4th quarter. Invesco Ltd. now owns 205,115 shares of the company’s stock valued at $22,253,000 after purchasing an additional 13,111 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Roku by 1,836.4% in the fourth quarter. Corient Private Wealth LLC now owns 296,903 shares of the company’s stock valued at $32,211,000 after purchasing an additional 281,570 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of Roku in the 4th quarter valued at $69,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Roku by 11.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 39,147 shares of the company’s stock valued at $4,247,000 after purchasing an additional 3,879 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $135.00 price objective on shares of Roku and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Raymond James Financial reissued a “market perform” rating on shares of Roku in a research note on Friday, October 31st. UBS Group restated a “neutral” rating and issued a $110.00 target price on shares of Roku in a research report on Friday, February 13th. Wells Fargo & Company increased their price target on shares of Roku from $116.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Rosenblatt Securities upgraded shares of Roku from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $106.00 to $118.00 in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.96.

Roku Company Profile

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.