Insider Selling: Roku (NASDAQ:ROKU) CFO Sells 7,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $152.84, for a total value of $1,069,880.00. Following the completion of the sale, the chief financial officer owned 67,811 shares of the company’s stock, valued at approximately $10,364,233.24. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 value of $1,097,670.00.
• On Monday, August 17th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $157.11, for a total value of $1,099,770.00.

Roku Trading Up 0.6%

NASDAQ 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. The firm has a 50-day moving average price of $154.78 and a 200-day moving average price of $137.56. The company has a market capitalization of $23.09 billion, a PE ratio of 66.47 and a beta of 2.05. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 13.73% and a net margin of 6.82%. Roku’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. On average, equities analysts anticipate that Roku, Inc. will post 2.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ROKU shares. 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 report on Friday, August 14th. UBS Group raised their target price on shares of Roku from $126.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Roku from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Needham & Company LLC reissued a “buy” rating on shares of Roku in a research note on Friday, August 7th. Finally, Seaport Research Partners downgraded shares of Roku from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $156.17.

Institutional Trading of Roku

Several large investors have recently bought and sold shares of ROKU. Bayban increased its position in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares in the last quarter. CX Institutional boosted its position in Roku by 44.1% in the third quarter. CX Institutional now owns 281 shares of the company’s stock valued at $43,000 after buying an additional 86 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after buying an additional 215 shares during the last quarter. Hilton Head Capital Partners LLC grew its stake in shares of Roku by 175.0% during the first quarter. Hilton Head Capital Partners LLC now owns 550 shares of the company’s stock worth $52,000 after buying an additional 350 shares during the last quarter. Finally, WPG Advisers LLC grew its stake in shares of Roku by 96.8% during the first quarter. WPG Advisers LLC now owns 561 shares of the company’s stock worth $53,000 after buying an additional 276 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

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.