Nkcfo LLC Sells 6,700 Shares of Roku, Inc. (NASDAQ:ROKU)

Nkcfo LLC cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 65.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the company’s stock after selling 6,700 shares during the period. Nkcfo LLC’s holdings in Roku were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Roku in the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Roku in the fourth quarter valued at about $29,000. Federated Hermes Inc. bought a new stake in shares of Roku in the third quarter valued at about $37,000. Headinvest LLC bought a new stake in shares of Roku in the third quarter valued at about $42,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Roku by 1,822.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 596 shares of the company’s stock valued at $55,000 after purchasing an additional 565 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ROKU shares. Pivotal Research cut their price target on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Citigroup dropped their target price on Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Finally, Benchmark cut their price objective on Roku from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.50.

Insider Buying and Selling

In other Roku news, Director Jeffrey M. Blackburn bought 8,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey M. Blackburn bought 8,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 54,751 shares of company stock valued at $4,375,835. 13.63% of the stock is owned by company insiders.

Roku Stock Down 1.4 %

Shares of Roku stock traded down $0.84 on Friday, hitting $59.11. The stock had a trading volume of 3,904,550 shares, compared to its average volume of 4,960,037. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.69. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84. The business’s 50 day moving average is $62.07 and its two-hundred day moving average is $78.31.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same period in the prior year, the firm posted ($1.38) EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, equities analysts predict that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

About Roku

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.