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

Key Points

• Dan Jedda, CFO of Roku, sold 3,000 shares on October 15th for an average price of $95.82, decreasing his ownership by 3.60% to 80,420 shares, valued at approximately $7.7 million.
• Roku's stock is currently down 3.3%, trading at $95.33, amidst a market with a capitalization of $14.05 billion and a negative price-to-earnings ratio of -226.98.
• Several analysts have raised their target prices for Roku shares, with Bank of America setting a new target of $110.00 and JMP Securities projecting $145.00, indicating a positive outlook for the stock.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $95.82, for a total transaction of $287,460.00. Following the completion of the transaction, the chief financial officer owned 80,420 shares of the company's stock, valued at $7,705,844.40. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, September 15th, Dan Jedda sold 3,000 shares of Roku stock. The stock was sold at an average price of $94.52, for a total value of $283,560.00.
• On Friday, August 15th, Dan Jedda sold 3,000 shares of Roku stock. The shares were sold at an average price of $89.07, for a total value of $267,210.00.

Roku Stock Down 3.3%

Shares of NASDAQ:ROKU traded down $3.25 during midday trading on Thursday, reaching $95.33. 2,641,564 shares of the company traded hands, compared to its average volume of 3,830,257. The firm's fifty day moving average price is $95.55 and its two-hundred day moving average price is $82.14. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of -226.98, a price-to-earnings-growth ratio of 11.13 and a beta of 2.13. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $107.25.

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

Hedge Funds 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 Roku in the first quarter worth $25,000. Banque Transatlantique SA purchased a new stake in shares of Roku during the first quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC bought a new position in shares of Roku in the first quarter worth approximately $30,000. Golden State Wealth Management LLC grew 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 worth $31,000 after purchasing an additional 247 shares during the last quarter. Finally, First PREMIER Bank purchased a new position in shares of Roku in the first quarter worth $35,000. Institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROKU. Bank of America increased their target price on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. JMP Securities reissued a "market outperform" rating and set a $145.00 price objective on shares of Roku in a research note on Thursday, October 2nd. KeyCorp boosted their target price on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Guggenheim raised their price target on Roku from $100.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Needham & Company LLC reissued a "buy" rating and set a $110.00 price objective on shares of Roku in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Roku presently 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.

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