Roku, Inc. $ROKU Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 28.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,392 shares of the company’s stock after selling 6,391 shares during the period. Private Advisor Group LLC’s holdings in Roku were worth $1,551,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Roku during the 4th quarter worth $26,000. Bayban lifted its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC bought a new stake in Roku in the fourth quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Roku during the 4th quarter worth approximately $31,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 7,000 shares of Roku stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the sale, the chief financial officer directly owned 79,963 shares in the company, valued at approximately $11,504,276.81. The trade was a 8.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total transaction of $281,300.00. Following the completion of the sale, the director directly owned 9,629 shares in the company, valued at approximately $1,354,318.85. The trade was a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 477,737 shares of company stock worth $58,132,511. 13.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ROKU. Morgan Stanley raised their price target on shares of Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Wolfe Research lowered shares of Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. UBS Group set a $160.00 price objective on shares of Roku in a report on Monday, June 15th. Benchmark raised their target price on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Wedbush cut Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research note on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $153.71.

Roku Stock Up 0.3%

Shares of ROKU stock traded up $0.43 during mid-day trading on Friday, reaching $140.69. The stock had a trading volume of 1,881,481 shares, compared to its average volume of 8,113,601. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88. The firm has a market cap of $20.74 billion, a PE ratio of 105.78 and a beta of 2.01. The firm’s 50 day simple moving average is $130.91 and its 200 day simple moving average is $111.41.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share. Sell-side analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Roku Company 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.