Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $91.00, for a total value of $136,500.00. Following the sale, the chief financial officer owned 79,132 shares in the company, valued at $7,201,012. The trade was a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
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 value of $121,980.00.
Roku Price Performance
Shares of ROKU traded down $1.26 during trading hours on Friday, hitting $88.99. 2,250,377 shares of the company were exchanged, compared to its average volume of 3,837,276. The company has a market capitalization of $12.99 billion, a PE ratio of -121.90 and a beta of 2.12. The firm has a fifty day simple moving average of $76.79 and a 200-day simple moving average of $75.66. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company's revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted ($0.35) EPS. Sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on ROKU shares. Evercore ISI dropped their price target on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, April 7th. JMP Securities restated a "market outperform" rating and issued a $95.00 target price on shares of Roku in a research report on Tuesday, June 17th. Wells Fargo & Company lowered their target price on Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, KeyCorp upgraded Roku from a "sector weight" rating to an "overweight" rating and set a $115.00 target price on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Roku presently has a consensus rating of "Moderate Buy" and an average price target of $92.67.
View Our Latest Analysis on ROKU
Institutional Trading of Roku
A number of hedge funds have recently modified their holdings of ROKU. Garde Capital Inc. purchased a new stake in shares of Roku in the first quarter valued at $25,000. Banque Transatlantique SA purchased a new stake in shares of Roku in the first quarter valued at $28,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Roku in the first quarter valued at $30,000. Golden State Wealth Management LLC lifted its holdings in shares of Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Roku in the first quarter valued at $35,000. Hedge funds and other institutional investors own 86.30% of the company's stock.
About Roku
(
Get Free Report)
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.
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