Roku, Inc. (NASDAQ:ROKU – Get Free Report) CFO Dan Jedda sold 7,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the sale, the chief financial officer directly owned 79,963 shares in the company, valued at $11,504,276.81. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Friday, May 15th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $122.56, for a total transaction of $857,920.00.
- On Wednesday, April 15th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $107.00, for a total transaction of $749,000.00.
Roku Stock Up 0.6%
NASDAQ:ROKU opened at $138.07 on Friday. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of 103.81 and a beta of 2.06. The company’s 50 day moving average price is $121.98 and its 200-day moving average price is $107.53. Roku, Inc. has a 52 week low of $77.64 and a 52 week high of $148.88.
Institutional Trading of Roku
Several large investors have recently modified their holdings of ROKU. Vanguard Group Inc. lifted its holdings in Roku by 2.5% in the third quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after acquiring an additional 322,858 shares during the period. AQR Capital Management LLC grew its stake in shares of Roku by 10.6% during the 4th quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock valued at $310,298,000 after purchasing an additional 274,024 shares during the period. Geode Capital Management LLC grew its stake in shares of Roku by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock valued at $267,389,000 after purchasing an additional 168,214 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Roku by 229.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock valued at $192,868,000 after purchasing an additional 1,419,772 shares during the last quarter. Finally, Holocene Advisors LP increased its position in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after purchasing an additional 1,285,585 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.
Roku News Roundup
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Fox’s agreement to acquire Roku (ROKU) has lifted sentiment by implying a roughly $160 per share valuation and highlighting the strategic value of Roku’s 100+ million household platform. Fox to buy Roku in $22 billion deal
- Positive Sentiment: Wall Street commentary and analyst updates have generally reinforced the bullish case for Roku (ROKU), with several firms reiterating or raising price targets into the $160 range or higher. Analyst updates on Roku
- Neutral Sentiment: Reports that Roku is being closely examined by law firms over whether the Fox deal is fair add uncertainty, but they do not change the transaction terms yet. Fairness investigation into Roku sale
- Negative Sentiment: Roku CFO Dan Jedda’s sale of 7,000 shares may weigh on sentiment a bit, even though it was disclosed as part of a pre-arranged trading plan. Roku insider sale
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Roku from $140.00 to $170.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a research report on Monday. Susquehanna cut shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Tuesday. Piper Sandler downgraded shares of Roku from an “overweight” rating to a “neutral” rating and raised their price target for the company from $148.00 to $160.00 in a report on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $153.71.
Check Out Our Latest Report 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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