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 stock in a transaction on Friday, May 15th. The stock was sold at an average price of $122.56, for a total value of $857,920.00. Following the transaction, the chief financial officer owned 71,115 shares of the company’s stock, valued at $8,715,854.40. This represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 value of $749,000.00.
• On Monday, March 16th, Dan Jedda sold 15,000 shares of Roku stock. The stock was sold at an average price of $94.23, for a total value of $1,413,450.00.
• On Tuesday, February 17th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $88.88, for a total value of $266,640.00.

Roku Stock Up 0.1%

Roku stock traded up $0.13 during mid-day trading on Monday, hitting $124.15. 1,970,947 shares of the company were exchanged, compared to its average volume of 3,201,206. The business has a fifty day moving average of $106.50 and a 200 day moving average of $102.77. Roku, Inc. has a 1-year low of $67.67 and a 1-year high of $131.39. The company has a market capitalization of $18.30 billion, a PE ratio of 93.35 and a beta of 2.04.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted ($0.19) earnings per share. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. Research analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROKU. Wells Fargo & Company boosted their price objective on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Jefferies Financial Group boosted their price objective on Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Citizens Jmp boosted their price objective on Roku from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Rosenblatt Securities boosted their price objective on Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Piper Sandler boosted their price objective on Roku from $140.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $143.42.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently made changes to their positions in ROKU. Blue Trust Inc. raised its position in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Roku during the fourth quarter worth $26,000. Bayban raised its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the last quarter. Westfuller Advisors LLC bought a new stake in shares of Roku during the third quarter worth $30,000. Finally, WPG Advisers LLC bought a new stake in shares of Roku during the fourth quarter worth $31,000. Institutional investors own 86.30% of the company’s stock.

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.