Roku, Inc. (NASDAQ:ROKU – Get Free Report) CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $152.84, for a total transaction of $1,069,880.00. Following the transaction, the chief financial officer owned 67,811 shares in the company, valued at approximately $10,364,233.24. This trade represents a 9.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dan Jedda also recently made the following trade(s):
- On Tuesday, September 15th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $156.81, for a total transaction of $1,097,670.00.
- On Monday, August 17th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $157.11, for a total transaction of $1,099,770.00.
Roku Stock Performance
ROKU traded up $1.00 during midday trading on Monday, hitting $155.54. The company had a trading volume of 1,322,607 shares, compared to its average volume of 3,263,095. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The company has a market capitalization of $23.09 billion, a PE ratio of 66.47 and a beta of 2.05. The firm’s 50-day simple moving average is $154.78 and its 200-day simple moving average is $137.56.
Roku (NASDAQ:ROKU – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. Roku’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. As a group, sell-side analysts anticipate that Roku, Inc. will post 2.92 EPS for the current fiscal year.
Analyst Ratings Changes
ROKU has been the subject of several recent research reports. Seaport Research Partners cut shares of Roku from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Wedbush restated a “neutral” rating and issued a $155.00 price target on shares of Roku in a research report on Thursday, September 24th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $165.00 price objective (down from $167.00) on shares of Roku in a research note on Friday, August 14th. UBS Group lifted their price objective on Roku from $126.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. started coverage on Roku in a report on Monday, August 24th. They issued a “neutral” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Roku presently has an average rating of “Hold” and an average target price of $156.17.
Check Out Our Latest Report on Roku
Hedge Funds Weigh In On Roku
A number of large investors have recently added to or reduced their stakes in the company. Bayban grew its stake in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. CX Institutional raised its stake in Roku by 44.1% in the 3rd quarter. CX Institutional now owns 281 shares of the company’s stock worth $43,000 after purchasing an additional 86 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Roku by 208.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in Roku in the 2nd quarter valued at about $47,000. Finally, Hilton Head Capital Partners LLC boosted its holdings in Roku by 175.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 550 shares of the company’s stock valued at $52,000 after purchasing an additional 350 shares during the period. Institutional investors own 86.30% of the company’s stock.
Roku Company Profile
Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. The company develops and licenses Roku OS, an operating system for smart televisions and streaming devices, and offers Roku-branded streaming players, Roku TVs, audio products and related accessories.
Roku also operates a platform business that distributes streaming content through its interface and supports content discovery, subscriptions and digital advertising. Its services include The Roku Channel, which provides a selection of ad-supported and premium entertainment, as well as tools that enable content providers and advertisers to reach streaming audiences.
Founded in 2002 by Anthony Wood, Roku initially became known for its streaming players and later expanded through partnerships with television manufacturers.
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