Roku, Inc. (NASDAQ:ROKU) Shares Bought by Versor Investments LP

Versor Investments LP increased its holdings in shares of Roku, Inc. (NASDAQ:ROKUFree Report) by 242.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,412 shares of the company’s stock after buying an additional 10,202 shares during the period. Versor Investments LP’s holdings in Roku were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC purchased a new position in Roku in the fourth quarter valued at $27,000. Creative Financial Designs Inc. ADV acquired a new stake in Roku during the 4th quarter worth $29,000. Federated Hermes Inc. acquired a new position in Roku in the third quarter valued at $37,000. Headinvest LLC acquired a new position in Roku in the third quarter valued at $42,000. Finally, Allspring Global Investments Holdings LLC raised 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 buying an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In other Roku 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 transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Charles Collier sold 4,182 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.00, for a total transaction of $271,830.00. Following the transaction, the insider now directly owns 8,474 shares of the company’s stock, valued at $550,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’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 sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders sold a total of 54,751 shares of company stock valued at $4,375,835 in the last three months. 13.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ROKU has been the subject of several analyst reports. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Susquehanna cut their price objective on shares of Roku from $110.00 to $80.00 and set a “positive” rating for the company in a research report on Monday, April 29th. Rosenblatt Securities reissued a “neutral” rating and set a $89.00 target price on shares of Roku in a research note on Friday, April 26th. 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. Finally, Stephens reiterated an “overweight” rating and issued a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus price target of $82.50.

View Our Latest Research Report on ROKU

Roku Price Performance

Shares of NASDAQ ROKU traded down $2.33 during midday trading on Friday, reaching $57.91. 3,400,602 shares of the company traded hands, compared to its average volume of 4,737,489. The stock has a 50-day moving average price of $61.66 and a 200 day moving average price of $78.02. The company has a market cap of $8.35 billion, a price-to-earnings ratio of -14.51 and a beta of 1.69. Roku, Inc. has a 52 week low of $51.62 and a 52 week high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. Roku’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.38) earnings per share. As a group, analysts expect that Roku, Inc. will post -1.94 EPS for the current year.

About Roku

(Free Report)

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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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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