Insider Selling: Roku, Inc. (NASDAQ:ROKU) CFO Sells 3,000 Shares of Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the sale, the chief financial officer directly owned 76,132 shares of the company's stock, valued at $6,867,106.40. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dan Jedda also recently made the following trade(s):

• On Tuesday, July 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $90.20, for a total value of $270,600.00.
• On Thursday, July 10th, Dan Jedda sold 1,500 shares of Roku stock. The shares were sold at an average price of $91.00, for a total value of $136,500.00.
• On Monday, June 16th, Dan Jedda sold 1,500 shares of Roku stock. The shares were sold at an average price of $81.32, for a total value of $121,980.00.

Roku Price Performance

ROKU stock traded up $2.19 during trading hours on Friday, reaching $93.29. 2,715,215 shares of the stock were exchanged, compared to its average volume of 3,813,760. The firm's 50-day moving average is $79.82 and its 200-day moving average is $76.13. The company has a market cap of $13.61 billion, a price-to-earnings ratio of -127.79 and a beta of 2.12. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business posted ($0.35) EPS. The company's quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Roku

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. United Advisor Group LLC lifted its stake in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares during the last quarter. Cerity Partners LLC lifted its stake in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after purchasing an additional 145 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after purchasing an additional 160 shares during the last quarter. Finally, Stonekeep Investments LLC lifted its stake in Roku by 4.9% in the 2nd quarter. Stonekeep Investments LLC now owns 4,084 shares of the company's stock valued at $359,000 after purchasing an additional 191 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of analyst reports. Bank of America increased their price target on Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Citigroup reissued a "neutral" rating and issued a $84.00 price target (up previously from $68.00) on shares of Roku in a report on Wednesday, June 18th. Evercore ISI cut their price objective on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. FBN Securities started coverage on Roku in a research note on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective on the stock. Finally, JMP Securities reiterated a "market outperform" rating and set a $95.00 price target on shares of Roku in a research report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.29.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.