Dan Jedda Sells 3,000 Shares of Roku (NASDAQ:ROKU) Stock

Key Points

• Roku CFO Dan Jedda sold 3,000 shares of the company on September 15th for a total value of $283,560, reducing his ownership stake by 3.47% to 83,420 shares.
• Roku's stock recently traded at $98.34, having a market capitalization of $14.49 billion, with a one-year price range of $52.43 to $104.96.
• The company reported a positive earnings surprise for its last quarter, with $0.07 EPS compared to analysts' estimates of ($0.16), and revenue of $1.11 billion, exceeding expectations of $1.07 billion.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $94.52, for a total value of $283,560.00. Following the sale, the chief financial officer directly owned 83,420 shares of the company's stock, valued at approximately $7,884,858.40. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $89.07, for a total value of $267,210.00.
• 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 value 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 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.

Roku Trading Up 2.6%

NASDAQ ROKU traded up $2.62 during midday trading on Friday, hitting $101.78. The company had a trading volume of 3,824,467 shares, compared to its average volume of 3,179,085. The company has a market capitalization of $15.00 billion, a PE ratio of -242.33, a P/E/G ratio of 13.88 and a beta of 2.05. The firm has a 50-day moving average price of $92.00 and a 200-day moving average price of $79.04. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period 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 anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Roku

Institutional investors and hedge funds have recently made changes to their positions in the business. Garde Capital Inc. bought a new stake in shares of Roku during the 1st quarter valued at about $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku during the 1st quarter valued at about $30,000. Banque Transatlantique SA bought a new stake in shares of Roku during the 1st quarter valued at about $28,000. Rakuten Securities Inc. boosted its position in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company's stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position 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 valued at $31,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ROKU. Needham & Company LLC boosted their price target on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Susquehanna boosted their price target on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Wells Fargo & Company boosted their price target on Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Rosenblatt Securities boosted their price objective on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Piper Sandler boosted their price objective on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Roku has an average rating of "Moderate Buy" and an average price target of $101.33.

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.