Allspring Global Investments Holdings LLC Buys 222 Shares of Roku, Inc. (NASDAQ:ROKU)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,207 shares of the company’s stock after buying an additional 222 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Roku were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new position in Roku in the 3rd quarter valued at $43,000. EverSource Wealth Advisors LLC raised its stake in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after acquiring an additional 610 shares during the last quarter. Cedar Wealth Management LLC bought a new stake in Roku during the second quarter valued at $48,000. Finally, Natixis acquired a new stake in shares of Roku during the 1st quarter worth approximately $53,000. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Roku

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at $2,485,582.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,566 shares of company stock worth $5,254,000. Insiders own 13.98% of the company’s stock.

Roku Price Performance

ROKU stock opened at $65.70 on Monday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company has a market cap of $9.51 billion, a P/E ratio of -54.75 and a beta of 2.07. The firm has a 50-day moving average of $73.22 and a 200 day moving average of $63.79.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.30%. The business’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned ($2.33) earnings per share. On average, equities research analysts expect that Roku, Inc. will post -1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ROKU. Jefferies Financial Group lowered their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday. Benchmark reissued a “buy” rating and issued a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Morgan Stanley increased their price target on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Loop Capital raised their price target on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.95.

Roku 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.