California State Teachers Retirement System Acquires 3,207 Shares of Roku, Inc. (NASDAQ:ROKU)

California State Teachers Retirement System boosted its holdings in Roku, Inc. (NASDAQ:ROKUFree Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,916 shares of the company’s stock after purchasing an additional 3,207 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Roku worth $17,866,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ROKU. GAMMA Investing LLC bought a new stake in Roku in the fourth quarter worth $27,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Roku in the fourth quarter valued at about $29,000. Federated Hermes Inc. purchased a new position in shares of Roku in the third quarter valued at about $37,000. Headinvest LLC purchased a new position in shares of Roku in the third quarter valued at about $42,000. Finally, Spire Wealth Management increased its position in shares of Roku by 35.3% in the third 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.

Insider Activity at Roku

In related news, Director Jeffrey M. Blackburn acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $511,680. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, Director Jeffrey M. Blackburn bought 8,000 shares of Roku stock in a transaction on Wednesday, March 13th. The stock was 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 owns 8,000 shares in the company, valued at $511,680. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen H. Kay sold 3,322 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $57.09, for a total transaction of $189,652.98. Following the sale, the senior vice president now directly owns 82,036 shares of the company’s stock, valued at $4,683,435.24. The disclosure for this sale can be found here. Insiders have sold a total of 11,124 shares of company stock worth $636,371 over the last quarter. Company insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ROKU shares. Piper Sandler restated a “neutral” rating and issued a $65.00 price objective (down previously from $81.00) on shares of Roku in a research report on Friday, April 26th. Stephens reiterated an “overweight” rating and set a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Wells Fargo & Company boosted their price target on shares of Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Pivotal Research reduced their price target on shares of Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Finally, Jefferies Financial Group began coverage on shares of Roku in a research report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price target on the stock. Four research 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, the company has an average rating of “Hold” and an average target price of $82.50.

Get Our Latest Research Report on ROKU

Roku Trading Down 0.3 %

Shares of NASDAQ ROKU opened at $57.97 on Friday. The firm’s 50 day moving average price is $59.55 and its 200-day moving average price is $75.82. Roku, Inc. has a 52-week low of $55.01 and a 52-week high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (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 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.38) earnings per share. As a group, research analysts expect that Roku, Inc. will post -1.94 earnings per share 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.

Further Reading

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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