Insider Selling: Roku (NASDAQ:ROKU) CFO Sells 3,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 3,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $107.44, for a total value of $322,320.00. Following the transaction, the chief financial officer directly owned 90,267 shares of the company’s stock, valued at $9,698,286.48. This represents a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 17th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $99.09, for a total value of $297,270.00.
• On Wednesday, October 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $95.82, for a total transaction of $287,460.00.

Roku Stock Up 1.5%

ROKU traded up $1.56 during midday trading on Monday, reaching $109.03. 3,851,995 shares of the company’s stock were exchanged, compared to its average volume of 2,769,389. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of -545.12 and a beta of 1.98. The business has a 50-day simple moving average of $99.26 and a two-hundred day simple moving average of $93.08.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. As a group, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Roku by 9.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock valued at $112,000 after purchasing an additional 97 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Roku by 3.8% during the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock worth $273,000 after buying an additional 100 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after acquiring an additional 100 shares during the period. Aviance Capital Partners LLC increased its position in shares of Roku by 2.6% in the third quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock worth $418,000 after purchasing an additional 106 shares during the period. Finally, O Keefe Stevens Advisory Inc. raised its stake in Roku by 1.8% in the third quarter. O Keefe Stevens Advisory Inc. now owns 6,233 shares of the company’s stock valued at $624,000 after purchasing an additional 113 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROKU. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research report on Friday, October 31st. Rosenblatt Securities upped their target price on shares of Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Guggenheim raised their price target on Roku from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. KeyCorp reaffirmed an “overweight” rating and set a $116.00 price objective on shares of Roku in a research note on Tuesday, October 28th. Finally, Raymond James Financial restated a “market perform” rating on shares of Roku in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average price target of $116.09.

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.