Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 7,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the completion of the sale, the chief financial officer directly owned 79,963 shares in the company, valued at approximately $11,504,276.81. This represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, May 15th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $122.56, for a total transaction of $857,920.00.
- 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 transaction of $749,000.00.
Roku Stock Down 2.1%
Shares of Roku stock opened at $137.95 on Wednesday. Roku, Inc. has a twelve month low of $77.64 and a twelve month high of $148.88. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 103.72 and a beta of 2.06. The company's fifty day moving average is $120.40 and its 200 day moving average is $106.95.
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. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. Roku's revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Roku
Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Roku by 680.0% in 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 period. Aventura Private Wealth LLC acquired a new position in Roku in the fourth quarter valued at $26,000. Bayban lifted its holdings in Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company's stock valued at $26,000 after buying an additional 260 shares during the period. WPG Advisers LLC acquired a new position in shares of Roku during the fourth quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Roku during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 86.30% of the company's stock.
Analyst Ratings Changes
ROKU has been the topic of several analyst reports. Robert W. Baird reissued a "neutral" rating and issued a $160.00 price objective on shares of Roku in a research note on Monday. Guggenheim boosted their target price on shares of Roku from $140.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Piper Sandler lowered shares of Roku from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $148.00 to $160.00 in a report on Tuesday. Seaport Research Partners set a $155.00 target price on shares of Roku in a report on Tuesday. Finally, Benchmark boosted their target price on shares of Roku from $130.00 to $160.00 and gave the company a "buy" rating in a report on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, Roku presently has an average rating of "Hold" and an average target price of $153.71.
Check Out Our Latest Research Report on Roku
Roku News Roundup
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Fox agreed to buy Roku (ROKU) for about $22 billion, valuing shares at $160 each and giving Roku holders cash plus Fox stock; the deal has driven takeover speculation and a higher valuation for the company. Fox to buy Roku in $22 billion deal
- Positive Sentiment: Several Wall Street firms raised or reiterated bullish views on Roku (ROKU), including higher price targets around $160 to $175, supporting the stock after the acquisition news. Analyst updates on Roku
- Neutral Sentiment: Law firms have begun investigating whether the proposed Fox deal gives Roku (ROKU) shareholders a fair price, which adds some uncertainty but does not change the deal terms yet. Fairness investigation into Roku sale
- Negative Sentiment: Roku CFO Dan Jedda sold 7,000 shares under a pre-arranged trading plan, which may weigh on sentiment even though the sale was disclosed as routine. Roku insider sale
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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