Roku, Inc. (NASDAQ:ROKU) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Roku, Inc. (NASDAQ:ROKU) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,514 shares of the company’s stock after selling 2,063 shares during the quarter. Strs Ohio’s holdings in Roku were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. increased its holdings in shares of Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. Spire Wealth Management increased its stake in Roku by 35.3% during the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the last quarter. Arizona State Retirement System increased its stake in Roku by 0.5% during the third quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock worth $2,376,000 after acquiring an additional 173 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in Roku by 4.6% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 4,703 shares of the company’s stock worth $431,000 after acquiring an additional 206 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its stake in Roku by 1.0% during the third quarter. IFM Investors Pty Ltd now owns 21,745 shares of the company’s stock worth $1,535,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Down 10.3 %

NASDAQ:ROKU opened at $56.35 on Friday. The firm has a market cap of $8.09 billion, a PE ratio of -11.23 and a beta of 1.66. The stock has a fifty day moving average price of $62.80 and a 200 day moving average price of $78.48. Roku, Inc. has a 12-month low of $51.62 and a 12-month high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The company had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. Roku’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned ($1.38) EPS. Equities analysts forecast that Roku, Inc. will post -2.12 EPS for the current year.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku 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 completion of the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku 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 completion of the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey M. Blackburn purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $63.96 per share, with a total value of $511,680.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at $511,680. The disclosure for this purchase can be found here. Insiders sold 54,545 shares of company stock valued at $4,364,035 in the last ninety days. Insiders own 13.63% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup cut their target price on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Benchmark cut their target price on Roku from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley cut their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a research note on Friday. Finally, Pivotal Research lowered their price target on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Roku has an average rating of “Hold” and an average price target of $83.90.

Roku Company Profile

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.