Dan Jedda Sells 1,500 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 1,500 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $91.00, for a total transaction of $136,500.00. Following the completion of the sale, the chief financial officer owned 79,132 shares of the company's stock, valued at $7,201,012. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, June 16th, Dan Jedda sold 1,500 shares of Roku stock. The stock was sold at an average price of $81.32, for a total transaction of $121,980.00.

Roku Stock Down 1.4%

ROKU stock traded down $1.26 during midday trading on Friday, reaching $88.99. 2,250,377 shares of the company's stock traded hands, compared to its average volume of 3,841,333. The company has a 50-day simple moving average of $76.79 and a two-hundred day simple moving average of $75.60. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a market cap of $12.99 billion, a price-to-earnings ratio of -121.90 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the firm earned ($0.35) EPS. Equities research analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Roku by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after purchasing an additional 254,504 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Roku by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock worth $168,734,000 after purchasing an additional 215,841 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after purchasing an additional 56,820 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of recent analyst reports. KeyCorp upgraded shares of Roku from a "sector weight" rating to an "overweight" rating and set a $115.00 price target for the company in a report on Thursday. Bank of America upped their price target on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of Roku in a research note on Friday, May 2nd. Evercore ISI lowered their price target 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. Finally, Rosenblatt Securities cut their price target on Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.67.

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.