Key Points
- CFO Dan Jedda sold 3,000 Roku shares on Jan. 15 at an average price of $107.56 for $322,680, leaving him with 87,267 shares and marking a 3.32% reduction in his position; he also sold 3,000 shares in December and 3,000 in November (9,000 shares sold recently).
- Roku stock opened at $104.97 (down about 2.4%), with a market cap of $15.51 billion and a 12‑month range of $52.43–$116.66.
- Roku beat quarterly EPS estimates ($0.16 vs. $0.07) with revenue of $1.21 billion (+14% YoY), and analysts hold a consensus "Moderate Buy" rating with an average price target of $119.32.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $107.56, for a total transaction of $322,680.00. Following the sale, the chief financial officer directly owned 87,267 shares of the company's stock, valued at $9,386,438.52. The trade was a 3.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Dan Jedda also recently made the following trade(s):
- On Monday, December 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $107.44, for a total value of $322,320.00.
- On Monday, November 17th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $99.09, for a total value of $297,270.00.
Roku Trading Down 2.4%
Shares of ROKU stock opened at $104.97 on Friday. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of -524.82 and a beta of 1.95. The company's 50-day moving average price is $104.31 and its 200-day moving average price is $97.82. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66.
Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned ($0.06) EPS. The business's revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.
Analyst Ratings Changes
ROKU has been the topic of a number of recent research reports. Arete Research set a $132.00 price target on shares of Roku and gave the stock a "buy" rating in a research note on Monday, January 5th. JMP Securities restated a "market outperform" rating and issued a $145.00 target price on shares of Roku in a report on Thursday, October 2nd. Needham & Company LLC reissued a "buy" rating and issued a $110.00 price objective on shares of Roku in a report on Wednesday, October 1st. Arete upgraded Roku from a "neutral" rating to a "buy" rating and set a $132.00 price target on the stock in a research report on Monday, January 5th. Finally, Raymond James Financial restated a "market perform" rating on shares of Roku in a research note on Friday, October 31st. Twenty-three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.32.
Check Out Our Latest Stock Report on ROKU
Institutional Trading of Roku
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Roku by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company's stock worth $1,301,557,000 after buying an additional 322,858 shares during the period. Acadian Asset Management LLC increased its stake in Roku by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company's stock worth $236,545,000 after buying an additional 785,864 shares during the period. AQR Capital Management LLC lifted its stake in shares of Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company's stock worth $258,897,000 after acquiring an additional 1,897,407 shares in the last quarter. Tableaux LLC purchased a new position in shares of Roku during the 2nd quarter valued at approximately $1,746,000. Finally, Holocene Advisors LP increased its position in shares of Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company's stock worth $165,259,000 after purchasing an additional 1,285,585 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.
About Roku
(
Get Free Report)
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.
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