Insider Selling: Roku (NASDAQ:ROKU) CFO Sells $1,099,770.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $157.11, for a total value of $1,099,770.00. Following the completion of the sale, the chief financial officer directly owned 65,963 shares of the company’s stock, valued at $10,363,446.93. The trade was a 9.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Dan Jedda sold 7,000 shares of Roku stock. The shares were sold at an average price of $143.87, for a total value of $1,007,090.00.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $156.80 on Thursday. The business’s 50-day simple moving average is $143.42 and its 200 day simple moving average is $119.24. The company has a market cap of $23.27 billion, a P/E ratio of 67.01 and a beta of 2.01. Roku, Inc. has a one year low of $78.53 and a one year high of $159.69.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $0.07 EPS. Roku’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts predict that Roku, Inc. will post 2.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp lowered Roku from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $160.00 price target (up from $150.00) on shares of Roku in a report on Tuesday, June 16th. Susquehanna downgraded Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Tuesday, June 16th. Oppenheimer cut Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Roku from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $156.17.

Hedge Funds Weigh In On Roku

Large investors have recently added to or reduced their stakes in the company. Boussard & Gavaudan Gestion Sas acquired a new stake in shares of Roku during the second quarter worth $10,499,000. North Star Asset Management Inc. bought a new stake in shares of Roku during the 2nd quarter valued at about $207,000. Public Employees Retirement System of Ohio acquired a new stake in Roku during the second quarter worth about $11,369,000. Monetta Financial Services Inc. bought a new position in Roku in the second quarter worth about $2,072,000. Finally, Bank of New York Mellon Corp acquired a new position in Roku in the second quarter valued at approximately $105,216,000. 86.30% of the stock is currently owned by institutional investors.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.