Roku, Inc. (NASDAQ:ROKU) CFO Sells $121,980.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $81.32, for a total transaction of $121,980.00. Following the transaction, the chief financial officer now owns 80,632 shares of the company’s stock, valued at approximately $6,556,994.24. The trade was a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, March 20th, Dan Jedda sold 1,000 shares of Roku stock. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00.

Roku Trading Down 0.5%

Shares of Roku stock opened at $80.99 on Friday. The stock has a fifty day simple moving average of $69.54 and a 200 day simple moving average of $75.12. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The company has a market capitalization of $11.82 billion, a P/E ratio of -110.94 and a beta of 2.09.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted ($0.35) EPS. The business’s revenue was up 15.8% compared to the same quarter last year. On average, analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating and set a $84.00 target price (up previously from $68.00) on shares of Roku in a research note on Wednesday. UBS Group lowered their price objective on Roku from $90.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Roku in a report on Friday, May 2nd. Wells Fargo & Company lowered their target price on Roku from $129.00 to $93.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Finally, Pivotal Research lowered their price objective on shares of Roku from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.93.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Roku by 5.4% in the first quarter. Voya Investment Management LLC now owns 40,288 shares of the company’s stock valued at $2,838,000 after acquiring an additional 2,062 shares in the last quarter. Anderson Financial Strategies LLC bought a new position in Roku in the 1st quarter valued at $68,000. Strs Ohio bought a new position in Roku in the 1st quarter valued at $3,984,000. Acadian Asset Management LLC grew its stake in Roku by 456.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after purchasing an additional 1,563,449 shares during the period. Finally, Focus Partners Wealth bought a new position in Roku during the first quarter valued at about $229,000. 86.30% of the stock is owned by institutional investors.

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.