Roku, Inc. (NASDAQ:ROKU – Get Free Report) CFO Dan Jedda sold 7,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $122.56, for a total value of $857,920.00. Following the transaction, the chief financial officer directly owned 71,115 shares in the company, valued at approximately $8,715,854.40. This represents a 8.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dan Jedda also recently made the following trade(s):
- On Wednesday, April 15th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $107.00, for a total value of $749,000.00.
- On Monday, March 16th, Dan Jedda sold 15,000 shares of Roku stock. The stock was sold at an average price of $94.23, for a total value of $1,413,450.00.
- On Tuesday, February 17th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $88.88, for a total value of $266,640.00.
Roku Stock Up 0.1%
NASDAQ ROKU traded up $0.13 during trading on Monday, hitting $124.15. The company’s stock had a trading volume of 1,970,947 shares, compared to its average volume of 3,201,206. The firm has a 50 day moving average price of $106.50 and a 200 day moving average price of $102.77. The firm has a market cap of $18.30 billion, a P/E ratio of 93.35 and a beta of 2.04. Roku, Inc. has a 52 week low of $67.67 and a 52 week high of $131.39.
Institutional Trading of Roku
Hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares during the period. Aventura Private Wealth LLC bought a new position in shares of Roku during the 4th quarter worth approximately $26,000. Bayban boosted its stake in Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares in the last quarter. WPG Advisers LLC acquired a new stake in Roku in the 4th quarter valued at $31,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Roku in the fourth quarter valued at $31,000. Institutional investors own 86.30% of the company’s stock.
Wall Street Analysts Forecast Growth
ROKU has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Rosenblatt Securities lifted their price target on Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $160.00 price target on Roku in a research report on Monday, March 2nd. Benchmark lifted their price target on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Needham & Company LLC raised their price objective on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $143.42.
Read Our Latest Stock Analysis on ROKU
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.
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