CFO Dan Jedda Sells Shares of Roku, Inc.

Roku, Inc. (NASDAQ:ROKU) recently saw a transaction involving its Chief Financial Officer, Dan Jedda, who sold 1,000 shares of the company's stock on Monday, December 16th. The shares were sold at an average price of $82.73, resulting in a total transaction amount of $82,730. Following this sale, Jedda now holds 64,555 shares in Roku, which are valued at approximately $5,340,635.15. This sale reflects a 1.53% reduction in Jedda’s total shareholding in the company. The transaction was recorded and filed with the Securities and Exchange Commission (SEC).

Previous Transactions by CFO Dan Jedda

In addition to the recent sale, CFO Dan Jedda has made other trades involving Roku shares. On November 19th, he sold another 1,000 shares at an average price of $75.00, amounting to a total of $75,000. Just a month earlier, on October 15th, he sold 1,000 shares at an average price of $76.25, which totaled $76,250. These transactions indicate a pattern of selling shares over a relatively short period.

Current Performance of Roku Stock

As of Wednesday, Roku stock opened at $83.39. The company's 50-day simple moving average stands at $75.14, while the 200-day average is $67.22. Roku has a market capitalization of $12.11 billion, a price-to-earnings (PE) ratio of -69.49, and a beta of 2.06. Over the past 52 weeks, the stock has experienced fluctuations, with a low of $48.33 and a high of $99.80.

Insights from Recent Earnings Reports

Roku last reported its earnings results on October 30th, where it posted earnings per share (EPS) of ($0.06), exceeding analysts' expectations of ($0.35) by a margin of $0.29. The company's revenue during this quarter reached $1.06 billion, surpassing forecasted figures of $1.02 billion. Though Roku recorded a negative net margin of 4.42% and a negative return on equity of 7.22%, its revenue reflected a robust year-over-year growth of 16.5%.

Analyst Ratings and Market Outlook

In recent analyses, various financial institutions have offered updated stock ratings for Roku. For instance, Macquarie assigned an "outperform" rating along with a price target of $90.00, while Robert W. Baird raised the stock from "neutral" to "outperform," setting a new price target of $90.00. Other firms, including Rosenblatt Securities and Wolfe Research, have adjusted their target prices for Roku stock favorably. Currently, analysts suggest a consensus rating of "Moderate Buy" for Roku, with an average target price of $83.81.

Institutional Investors' Activity

In terms of institutional investment, several hedge funds have recently engaged in buying and selling Roku shares. Raelipskie Partnership acquired a stake valued at approximately $32,000 during the third quarter. Similarly, EverSource Wealth Advisors significantly increased its shareholding in Roku by over 123% during the second quarter. A notable portion of Roku's stock, approximately 86.30%, is currently held by institutional investors and hedge funds.

Overview of Roku, Inc.

Roku, Inc. operates a leading TV streaming platform both within the United States and internationally. The company is divided into two main segments: Platform and Devices. Its streaming platform enables users to discover and access a variety of TV shows, movies, news, sports, and more. The Platform segment also encompasses digital advertising, streaming services, subscription revenue, and promotional expenses.

Roku, stock, CFO