Roku, Inc. (NASDAQ:ROKU) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. lowered its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,811 shares of the company’s stock after selling 1,640 shares during the quarter. Benjamin Edwards Inc.’s holdings in Roku were worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Entropy Technologies LP increased its position in shares of Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Geode Capital Management LLC grew its stake in Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after purchasing an additional 56,820 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after buying an additional 34,898 shares during the last quarter. Achmea Investment Management B.V. raised its stake in Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after buying an additional 6,042 shares in the last quarter. Finally, Allstate Corp bought a new position in Roku during the 4th quarter worth approximately $275,000. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Roku stock opened at $60.42 on Tuesday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The stock has a market capitalization of $8.82 billion, a PE ratio of -67.89 and a beta of 2.06. The firm has a 50 day simple moving average of $68.16 and a 200-day simple moving average of $75.01.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned ($0.35) earnings per share. Roku’s revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Rosenblatt Securities dropped their price target on Roku from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday. Piper Sandler started coverage on shares of Roku in a research report on Thursday, April 17th. They issued a “neutral” rating and a $65.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $88.50 price objective on shares of Roku in a research report on Friday. FBN Securities assumed coverage on shares of Roku in a report on Friday, March 28th. They issued an “outperform” rating and a $93.00 target price on the stock. Finally, Citizens Jmp raised Roku to a “strong-buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.46.

Insider Buying and Selling

In other news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now directly owns 68,843 shares of the company’s stock, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares of the company’s stock, valued at $468,225. This trade represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,111 shares of company stock worth $6,575,362 in the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

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.