Roku CFO Jedda Dan Sells 3K Shares at $94.52/Share on Sept. 15

Roku Inc. (ROKU) has announced that Jedda Dan, Chief Financial Officer and Chief Operating Officer, has sold 3,000 shares at a price of $94.52 per share on September 15, 2023.

Roku Inc. (ROKU) has recently experienced significant insider selling, with Chief Financial Officer (CFO) Dan Jedda selling 3,000 shares of the company's stock at a price of $94.52 per share on September 15, 2023. This sale represents a notable decrease in Jedda's holdings, which previously comprised approximately 1.31% of the company's stock.

In recent months, Roku has seen a surge in institutional investment, with several firms increasing their stakes in the company. Acadian Asset Management LLC, for instance, boosted its holdings by 456.7% during the first quarter, owning about 1.31% of Roku worth $134,222,000 at the end of the reporting period Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1]. Additionally, other hedge funds and institutional investors have shown interest in the company, with United Advisor Group LLC, Nissay Asset Management Corp Japan ADV, Smith Group Asset Management LLC, Neuberger Berman Group LLC, and Golden State Wealth Management LLC all increasing their stakes in Roku Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1].

Despite the insider selling, Wall Street analysts have expressed optimism for Roku, with multiple firms raising their target prices and rating the stock between "neutral" to "strong buy," reflecting a consensus rating of "Moderate Buy" [^1, 2]. Rosenblatt Securities, for example, increased their price target on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating Westbourne Investments Inc. Invests $439,000 in Roku, Inc. $ROKU^[2].

Roku's financial performance has also been positive, with the company reporting $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23 Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1]. The company's revenue for the quarter was up 14.7% compared to the same quarter last year Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1].

However, it is essential to note that Roku's stock has been trading down, reaching a 52-week low of $52.43 and a 52-week high of $104.96 Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1]. The firm's 50-day simple moving average is $91.06 and its 200-day simple moving average is $78.44 Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1]. The company's market capitalization stands at $13.93 billion, with a price-to-earnings ratio of -225.05, a price-to-earnings-growth ratio of 13.49, and a beta of 2.05 Acadian Asset Management LLC Raises Holdings in Roku, Inc. $ROKU^[1].