Roku, Inc. (NASDAQ:ROKU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Roku, Inc. (NASDAQ:ROKUFree Report) by 96.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,377 shares of the company’s stock after selling 205,380 shares during the period. Principal Financial Group Inc.’s holdings in Roku were worth $768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROKU. GAMMA Investing LLC acquired a new stake in Roku during the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV acquired a new stake in Roku during the 4th quarter worth about $29,000. Federated Hermes Inc. acquired a new stake in shares of Roku during the 3rd quarter valued at about $37,000. Headinvest LLC acquired a new stake in shares of Roku during the 3rd quarter valued at about $42,000. Finally, Spire Wealth Management grew its position in shares of Roku by 35.3% during the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Susquehanna dropped their target price on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Jefferies Financial Group assumed coverage on Roku in a research report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 target price on the stock. Rosenblatt Securities restated a “neutral” rating and set a $89.00 target price on shares of Roku in a research report on Friday, April 26th. Benchmark dropped their target price on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, Wells Fargo & Company raised their price target on shares of Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Roku has a consensus rating of “Hold” and a consensus target price of $82.50.

Read Our Latest Research Report on ROKU

Roku Stock Performance

Shares of NASDAQ ROKU opened at $57.40 on Monday. The company has a 50 day simple moving average of $60.11 and a 200-day simple moving average of $76.54. Roku, Inc. has a 1 year low of $55.01 and a 1 year high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) 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 business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.38) EPS. On average, analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Transactions at Roku

In related news, insider Charles Collier sold 4,182 shares of Roku stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $65.00, for a total value of $271,830.00. Following the completion of the sale, the insider now owns 8,474 shares in the company, valued at approximately $550,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey M. Blackburn bought 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $511,680. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Collier sold 4,182 shares of Roku stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the sale, the insider now owns 8,474 shares of the company’s stock, valued at approximately $550,810. The disclosure for this sale can be found here. Insiders sold 4,595 shares of company stock worth $297,141 in the last 90 days. Insiders own 13.98% of the company’s stock.

Roku Profile

(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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