26,588 Shares in Roku, Inc. $ROKU Purchased by Greenland Capital Management LP

Greenland Capital Management LP bought a new position in Roku, Inc. (NASDAQ:ROKU) during the third quarter, Holdings Channel.com reports. The institutional investor bought 26,588 shares of the company’s stock, valued at approximately $2,662,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ROKU. Westfuller Advisors LLC bought a new stake in shares of Roku during the 3rd quarter valued at about $30,000. Root Financial Partners LLC bought a new position in shares of Roku in the third quarter worth approximately $33,000. Cornerstone Planning Group LLC lifted its position in Roku by 20,450.0% during the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after purchasing an additional 409 shares during the last quarter. Rakuten Securities Inc. grew its stake in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after buying an additional 158 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Roku by 859.7% in the 2nd quarter. True Wealth Design LLC now owns 595 shares of the company’s stock worth $52,000 after buying an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $90.79, for a total transaction of $4,539,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 729 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $109.04, for a total transaction of $79,490.16. Following the sale, the chief accounting officer owned 5,825 shares of the company’s stock, valued at approximately $635,158. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 219,710 shares of company stock worth $22,761,608 over the last ninety days. 13.98% of the stock is owned by company insiders.

Roku Price Performance

ROKU opened at $84.42 on Tuesday. The stock’s 50 day simple moving average is $101.88 and its 200 day simple moving average is $99.11. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 148.11 and a beta of 1.99. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $116.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. Roku had a return on equity of 3.40% and a net margin of 1.87%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ROKU shares. UBS Group reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Roku in a report on Friday, February 13th. Citigroup restated an “outperform” rating on shares of Roku in a research report on Friday, January 9th. Susquehanna reaffirmed a “positive” rating and set a $130.00 price target on shares of Roku in a research note on Friday, October 31st. Jefferies Financial Group upgraded Roku from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $135.00 in a report on Thursday, December 11th. Finally, Piper Sandler reissued an “overweight” rating and set a $140.00 price target (up from $135.00) on shares of Roku in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.96.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.