Key Points
- Roku CFO Dan Jedda sold 7,000 shares on May 15 at an average price of $122.56, totaling $857,920. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Jedda still owned 71,115 shares valued at about $8.7 million, marking an 8.96% reduction in his holdings.
- Roku recently reported strong quarterly results, beating analyst expectations on both earnings and revenue, while Wall Street analysts maintain a Moderate Buy consensus with an average target price of $143.42.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 7,000 shares of Roku stock in a transaction that occurred 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 sale, the chief financial officer directly owned 71,115 shares of the company's stock, valued at approximately $8,715,854.40. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Trading Up 0.1%
NASDAQ:ROKU opened at $124.15 on Tuesday. The stock has a market cap of $18.30 billion, a P/E ratio of 93.35 and a beta of 2.04. The stock has a 50 day simple moving average of $107.02 and a 200 day simple moving average of $102.95. Roku, Inc. has a 1-year low of $67.67 and a 1-year high of $131.39.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business's revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) EPS. As a group, sell-side analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Roku from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 14th. Moffett Nathanson restated a "neutral" rating and set a $100.00 target price on shares of Roku in a research report on Friday, February 13th. Wells Fargo & Company lifted their price objective on Roku from $137.00 to $167.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Piper Sandler lifted their price objective on Roku from $140.00 to $148.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, Jefferies Financial Group lifted their price objective on Roku from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, April 13th. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $143.42.
Check Out Our Latest Research Report on ROKU
Hedge Funds Weigh In On Roku
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of Roku by 1,320.4% in the 1st quarter. Janus Henderson Group PLC now owns 834,619 shares of the company's stock valued at $78,967,000 after buying an additional 775,861 shares in the last quarter. Bull Harbor Capital LLC acquired a new position in shares of Roku in the 1st quarter valued at approximately $344,000. Smith Group Asset Management LLC raised its position in shares of Roku by 24.3% in the 1st quarter. Smith Group Asset Management LLC now owns 16,022 shares of the company's stock valued at $1,516,000 after buying an additional 3,131 shares in the last quarter. Amundi raised its position in shares of Roku by 170.3% in the 1st quarter. Amundi now owns 747,891 shares of the company's stock valued at $70,765,000 after buying an additional 471,234 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Roku by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 151,085 shares of the company's stock valued at $14,296,000 after buying an additional 27,567 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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