Key Points
- CFO Dan Jedda sold 15,000 Roku shares on March 16 at an average price of $94.23 for about $1.41M, reducing his ownership by roughly 14.98% to 85,115 shares valued near $8.02M.
- Roku beat expectations with $0.53 EPS versus $0.28 expected and reported $1.39B in revenue, up 16.1% year‑over‑year, indicating improving fundamentals.
- Analysts are broadly positive on the stock, with a consensus rating of "Moderate Buy" and an average price target of $125.40 following several recent upgrades.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 15,000 shares of Roku stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $94.23, for a total value of $1,413,450.00. Following the sale, the chief financial officer directly owned 85,115 shares in the company, valued at approximately $8,020,386.45. The trade was a 14.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Dan Jedda also recently made the following trade(s):
- 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.
- On Thursday, January 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $107.56, for a total value of $322,680.00.
Roku Stock Down 0.7%
Shares of ROKU stock opened at $95.66 on Thursday. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 167.83 and a beta of 1.98. The business's fifty day moving average is $97.02 and its 200 day moving average is $99.71. 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 data on Thursday, February 12th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.28 by $0.25. Roku had a return on equity of 3.40% and a net margin of 1.87%.The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted ($0.24) earnings per share. The company's revenue for the quarter was up 16.1% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ROKU. Blue Trust Inc. grew its stake in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company's stock valued at $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC bought a new stake in Roku during the fourth quarter valued at approximately $26,000. WPG Advisers LLC purchased a new stake in Roku during the fourth quarter valued at approximately $31,000. Safe Harbor Fiduciary LLC bought a new position in Roku in the 4th quarter worth $31,000. Finally, Westfuller Advisors LLC bought a new stake in Roku during the 3rd quarter worth approximately $30,000. 86.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on ROKU shares. Wells Fargo & Company upped their price target on shares of Roku from $116.00 to $137.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Stifel Nicolaus set a $160.00 target price on shares of Roku in a report on Monday, March 2nd. Citigroup reaffirmed a "market outperform" rating on shares of Roku in a research report on Monday, March 2nd. Weiss Ratings raised Roku from a "sell (d-)" rating to a "hold (c-)" rating in a report on Tuesday, February 17th. Finally, Rosenblatt Securities raised Roku from a "neutral" rating to a "buy" rating and upped their price target for the company from $106.00 to $118.00 in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and an average target price of $125.40.
Get Our Latest Report on Roku
Roku Company Profile
(
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.
Further Reading
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