Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 7,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $157.11, for a total value of $1,099,770.00. Following the completion of the transaction, the chief financial officer directly owned 65,963 shares in the company, valued at approximately $10,363,446.93. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dan Jedda also recently made the following trade(s):
- On Monday, June 15th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $143.87, for a total value of $1,007,090.00.
Roku Stock Performance
Shares of ROKU opened at $158.31 on Tuesday. The stock has a 50-day moving average of $141.89 and a two-hundred day moving average of $118.45. The stock has a market cap of $23.34 billion, a P/E ratio of 67.65 and a beta of 2.01. Roku, Inc. has a one year low of $78.53 and a one year high of $158.51.
Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The company's revenue was up 21.9% on a year-over-year basis. Analysts predict that Roku, Inc. will post 2.82 EPS for the current fiscal year.
Institutional Investors Weigh In On Roku
A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. Public Employees Retirement System of Ohio purchased a new position in shares of Roku during the 2nd quarter valued at approximately $11,369,000. Monetta Financial Services Inc. purchased a new stake in Roku during the second quarter worth $2,072,000. Bank of New York Mellon Corp purchased a new stake in Roku during the second quarter worth $105,216,000. Ballast Inc. acquired a new stake in Roku during the second quarter valued at $222,000. Finally, Handelsbanken Fonder AB increased its holdings in Roku by 12.5% in the second quarter. Handelsbanken Fonder AB now owns 41,400 shares of the company's stock valued at $5,719,000 after buying an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ROKU shares. Morgan Stanley increased their price target on shares of Roku from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, June 4th. Pivotal Research restated a "buy" rating and set a $160.00 price objective (up from $140.00) on shares of Roku in a research note on Friday, May 1st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $160.00 price objective on shares of Roku in a report on Monday, August 10th. Oppenheimer lowered shares of Roku from an "outperform" rating to a "market perform" rating in a research note on Monday, June 15th. Finally, UBS Group raised their target price on shares of Roku from $126.00 to $172.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $156.17.
View Our Latest Stock Analysis on Roku
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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