Key Points
- CFO Dan Jedda sold 3,000 shares of Roku on Feb. 17 at an average price of $88.88 for $266,640, reducing his stake by 3.44% to 84,267 shares (worth about $7.49M).
- The Feb. 17 sale continues a recent pattern—Jedda also sold 3,000 shares on Jan. 15 and Dec. 15 at roughly $107.56 and $107.44 respectively—indicating ongoing incremental reductions in insider holdings.
- Roku recently beat quarterly estimates, reporting $0.53 EPS vs. $0.28 expected and $1.39B revenue (up 16.1% YoY), while analysts maintain a consensus "Moderate Buy" rating with a $123.96 target.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $88.88, for a total value of $266,640.00. Following the completion of the transaction, the chief financial officer directly owned 84,267 shares in the company, valued at $7,489,650.96. This trade represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Dan Jedda also recently made the following trade(s):
- On Thursday, January 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $107.56, for a total value of $322,680.00.
- On Monday, December 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $107.44, for a total transaction of $322,320.00.
Roku Trading Up 0.6%
Shares of NASDAQ ROKU traded up $0.49 during mid-day trading on Friday, reaching $90.10. The company had a trading volume of 780,133 shares, compared to its average volume of 3,806,733. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 158.19 and a beta of 1.99. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The business's 50-day moving average is $102.74 and its 200-day moving average is $98.87.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.25. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. The firm's quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) EPS. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Arete Research set a $132.00 price objective on Roku and gave the stock a "buy" rating in a report on Monday, January 5th. Morgan Stanley set a $135.00 price target on Roku and gave the company an "overweight" rating in a research note on Tuesday, December 16th. KeyCorp lifted their price objective on Roku from $128.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Evercore reiterated an "outperform" rating and set a $150.00 target price on shares of Roku in a report on Friday, February 13th. Finally, Rosenblatt Securities raised shares of Roku from a "neutral" rating to a "buy" rating and raised their target price for the company from $106.00 to $118.00 in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.96.
View Our Latest Stock Report on Roku
Hedge Funds Weigh In On Roku
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted 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 valued at $25,000 after buying an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of Roku during the 4th quarter worth approximately $26,000. Westfuller Advisors LLC purchased a new stake in Roku during the third quarter valued at approximately $30,000. WPG Advisers LLC acquired a new stake in Roku in the fourth quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Roku in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 86.30% of the company's stock.
About Roku
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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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