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

Key Points

• Roku CFO Dan Jedda sold 3,000 shares of the company's stock on August 15th at an average price of $89.07, totaling $267,210, representing a 3.94% decrease in his holdings.
• Roku's stock price has recently declined by 3.8%, reaching $88.80, with the company having a market cap of $13.08 billion and trading well below its 52-week high of $104.96.
• Analysts have recently updated their price targets for Roku, with JMP Securities setting a target of $110 and Wells Fargo raising theirs to $113, while the consensus rating remains "Moderate Buy."

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.07, for a total transaction of $267,210.00. Following the completion of the transaction, the chief financial officer owned 73,132 shares of the company's stock, valued at $6,513,867.24. This represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, July 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $90.20, for a total transaction of $270,600.00.
• On Tuesday, July 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $90.20, for a total transaction of $270,600.00.
• On Thursday, July 10th, Dan Jedda sold 1,500 shares of Roku stock. The stock was sold at an average price of $91.00, for a total transaction of $136,500.00.
• 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 3.8%

Roku stock traded down $3.53 during trading on Tuesday, reaching $88.80. The stock had a trading volume of 3,428,635 shares, compared to its average volume of 4,640,310. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96. The business has a 50 day moving average price of $86.62 and a 200 day moving average price of $77.45. The stock has a market cap of $13.08 billion, a PE ratio of -211.43, a P/E/G ratio of 12.92 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JMP Securities upped their price target on shares of Roku from $95.00 to $110.00 and gave the company a "market outperform" rating in a research report on Monday, July 21st. UBS Group upped their price target on shares of Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Wells Fargo & Company upped their price target on shares of Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler boosted their price objective on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Garde Capital Inc. purchased a new position in shares of Roku during the 1st quarter worth about $25,000. Banque Transatlantique SA purchased a new position in shares of Roku during the 1st quarter worth about $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku during the 1st quarter worth about $30,000. Golden State Wealth Management LLC lifted its holdings in shares of Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after acquiring an additional 247 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Roku during the 1st quarter worth about $35,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.

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