Roku, Inc. (NASDAQ:ROKU) CFO Sells $121,980.00 in Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 1,500 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $81.32, for a total value of $121,980.00. Following the completion of the transaction, the chief financial officer now directly owns 80,632 shares of the company's stock, valued at $6,556,994.24. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, March 20th, Dan Jedda sold 1,000 shares of Roku stock. The shares were sold at an average price of $75.00, for a total value of $75,000.00.

Roku Trading Up 1.0%

Roku stock traded up $0.80 during mid-day trading on Wednesday, hitting $81.43. The company's stock had a trading volume of 3,091,326 shares, compared to its average volume of 3,862,010. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock's fifty day moving average is $68.68 and its two-hundred day moving average is $75.06.

Roku (NASDAQ:ROKU - Get Free Report) last issued 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. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted ($0.35) earnings per share. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Garde Capital Inc. purchased a new position in shares of Roku during the first quarter worth $25,000. Vision Financial Markets LLC purchased a new position in shares of Roku during the fourth quarter worth $30,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku during the first quarter worth $30,000. Banque Transatlantique SA purchased a new position in shares of Roku during the first quarter worth $28,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on Roku in a report on Thursday, April 17th. They set a "neutral" rating and a $65.00 target price for the company. JMP Securities reissued a "market outperform" rating and set a $95.00 target price on shares of Roku in a report on Tuesday. Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price for the company in a report on Tuesday, March 4th. Bank of America increased their target price on Roku from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Rosenblatt Securities reduced their target price on Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roku has an average rating of "Moderate Buy" and a consensus price target of $89.93.

Roku Company Profile

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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