Roku (NASDAQ:ROKU) CFO Dan Jedda Sells 7,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $157.11, for a total transaction of $1,099,770.00. Following the completion of the sale, the chief financial officer directly owned 65,963 shares of the company’s stock, valued at $10,363,446.93. The trade was a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $143.87, for a total transaction of $1,007,090.00.

Roku Stock Up 0.4%

Shares of ROKU stock opened at $158.31 on Tuesday. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 67.65 and a beta of 2.01. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $158.51. The company’s 50 day moving average is $141.89 and its 200 day moving average is $118.45.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. The company had revenue of $1.35 billion during 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 revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Analysts anticipate that Roku, Inc. will post 2.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of large investors have recently modified their holdings of ROKU. Bayban increased its holdings in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. WPG Advisers LLC acquired a new stake in Roku in the 4th quarter worth approximately $31,000. Safe Harbor Fiduciary LLC acquired a new stake in Roku in the 4th quarter worth approximately $31,000. Elevation Wealth Partners LLC grew its position in Roku by 208.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in Roku during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ROKU. Wedbush downgraded Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a research report on Tuesday, June 16th. KeyCorp downgraded shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Wells Fargo & Company reissued an “equal weight” rating and set a $165.00 price target (down from $167.00) on shares of Roku in a research report on Friday. Benchmark raised their price target on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus target price of $156.17.

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.