Key Points
- Roku CFO Dan Jedda sold 7,000 shares for approximately $1.10 million at an average price of $156.81, reducing his direct holdings by 8.56% to 74,811 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Roku recently exceeded quarterly expectations, reporting $1.08 in earnings per share versus a $0.61 consensus estimate and $1.35 billion in revenue, up 21.9% year over year.
- Despite the strong results, analyst sentiment remains cautious: Roku has a consensus “Hold” rating and a $156.17 price target, while shares trade at a relatively high P/E ratio of 66.29.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 7,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $156.81, for a total value of $1,097,670.00. Following the transaction, the chief financial officer directly owned 74,811 shares of the company's stock, valued at $11,731,112.91. This represents a 8.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Dan Jedda also recently made the following trade(s):
- On Monday, August 17th, Dan Jedda sold 7,000 shares of Roku stock. The stock was sold at an average price of $157.11, for a total transaction of $1,099,770.00.
Roku Trading Down 1.0%
Shares of NASDAQ ROKU opened at $155.12 on Thursday. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 66.29 and a beta of 2.05. The firm has a 50-day moving average of $150.95 and a two-hundred day moving average of $128.66.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.47. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. As a group, research analysts predict that Roku, Inc. will post 2.85 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have issued reports on ROKU. Needham & Company LLC restated a "buy" rating on shares of Roku in a research report on Friday, August 7th. Susquehanna lowered Roku from a "positive" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Tuesday, June 16th. Wolfe Research cut Roku from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 16th. William Blair downgraded Roku from an "outperform" rating to a "market perform" rating in a report on Monday, June 15th. Finally, Seaport Research Partners cut Roku from a "buy" rating to a "neutral" rating in a research note 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Roku has a consensus rating of "Hold" and a consensus target price of $156.17.
Check Out Our Latest Research Report on Roku
Key Headlines Impacting Roku
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Expanded advertising-data partnership: Horizon Media is integrating Roku’s TV viewing data into its Blu marketing-intelligence platform. The arrangement will help advertisers use Roku insights for cross-channel planning, campaign activation and optimization, potentially increasing the value of Roku’s advertising ecosystem and data assets. Horizon Media Integrates Roku TV Data into Blu Platform for Cross-Channel Optimization
- Positive Sentiment: Additional original content: Roku is developing the romantic comedy Cowboy Hearts, starring Kristin Cavallari. While the project is unlikely to materially affect near-term financial results, new programming could support user engagement and the Roku streaming platform’s content offering. Kristin Cavallari To Star As A Reality TV Producer In Romantic Comedy Cowboy Hearts For Roku
- Neutral Sentiment: Analyst consensus remains cautious: Roku received a consensus rating of “Hold,” suggesting analysts see limited immediate upside despite the company’s recent earnings strength. Roku’s shares trade at a relatively elevated valuation, with a reported P/E ratio above 66, increasing sensitivity to execution and growth expectations. Roku Receives Consensus Rating of Hold from Analysts
- Negative Sentiment: CFO reduced his holdings: Roku CFO Dan Jedda sold 7,000 shares for approximately $1.10 million, reducing his direct position by 8.56%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value, but insider selling can still add short-term pressure to investor sentiment. Roku CFO Form 4 Insider Sale
Hedge Funds Weigh In On Roku
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HBK Investments L P acquired a new stake in Roku during the 2nd quarter valued at $163,604,000. Sequoia Financial Advisors LLC boosted its position in shares of Roku by 22.4% in the second quarter. Sequoia Financial Advisors LLC now owns 6,018 shares of the company's stock worth $831,000 after buying an additional 1,102 shares during the period. Maven Securities LTD purchased a new position in shares of Roku during the second quarter valued at $5,111,000. IFP Advisors Inc raised its position in Roku by 12.5% during the second quarter. IFP Advisors Inc now owns 1,965 shares of the company's stock valued at $271,000 after buying an additional 218 shares during the period. Finally, Governors Lane LP acquired a new position in Roku during the second quarter valued at $5,622,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.
Roku Company Profile
(
Get Free Report)
Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. Its Roku operating system powers streaming players, Roku-branded televisions and smart-TV products made by licensing partners. The platform provides access to streaming services, live television, movies, music and other applications.
The company also operates The Roku Channel, its own ad-supported streaming service offering licensed and original content, including movies, television programs, live channels and premium subscription options.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
