Parallel Advisors LLC Grows Stock Position in Roku, Inc. (NASDAQ:ROKU)

Parallel Advisors LLC lifted its stake in Roku, Inc. (NASDAQ:ROKUFree Report) by 59.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,692 shares of the company’s stock after purchasing an additional 632 shares during the period. Parallel Advisors LLC’s holdings in Roku were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in Roku during the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV purchased a new stake in Roku during the 4th quarter worth about $29,000. Federated Hermes Inc. purchased a new stake in Roku during the 3rd quarter worth about $37,000. Headinvest LLC purchased a new stake in Roku during the 3rd quarter worth about $42,000. Finally, Spire Wealth Management lifted its holdings in Roku by 35.3% during the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In other Roku news, insider Charles Collier sold 4,182 shares of the 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 sale, the insider now owns 8,474 shares in the company, valued at approximately $550,810. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Roku news, Director Jeffrey M. Blackburn acquired 8,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $511,680. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charles Collier sold 4,182 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.00, for a total value of $271,830.00. Following the sale, the insider now owns 8,474 shares in the company, valued at approximately $550,810. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,595 shares of company stock worth $297,141. 13.98% of the stock is owned by insiders.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $57.78 on Wednesday. The business’s 50 day simple moving average is $59.84 and its 200-day simple moving average is $76.07. Roku, Inc. has a 12 month low of $55.01 and a 12 month high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 23.81% and a negative net margin of 15.64%. Roku’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.38) EPS. Equities research analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Benchmark decreased their price target on Roku from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, April 26th. Piper Sandler reissued a “neutral” rating and issued a $65.00 target price (down from $81.00) on shares of Roku in a report on Friday, April 26th. Citigroup reduced their target price on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Morgan Stanley reduced their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, April 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Friday, May 17th. Four equities 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 company’s stock. According to MarketBeat.com, Roku has an average rating of “Hold” and a consensus target price of $82.50.

View Our Latest Stock Report on ROKU

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.

See Also

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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