ExodusPoint Capital Management LP Buys New Shares in Roku, Inc. (NASDAQ:ROKU)

ExodusPoint Capital Management LP bought a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 100,681 shares of the company's stock, valued at approximately $7,485,000. ExodusPoint Capital Management LP owned approximately 0.07% of Roku as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Entropy Technologies LP grew its position in Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after acquiring an additional 18,520 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock worth $11,259,000 after purchasing an additional 149,514 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Roku by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after buying an additional 34,898 shares during the period. Achmea Investment Management B.V. raised its position in Roku by 146.4% during the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after purchasing an additional 6,042 shares during the last quarter. Finally, Allstate Corp acquired a new position in Roku during the 4th quarter worth about $275,000. 86.30% of the stock is owned by institutional investors.

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Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock valued at $8,632,306 in the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup upgraded shares of Roku from a "neutral" rating to an "outperform" rating in a report on Sunday, March 23rd. Redburn Atlantic raised shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Monday. UBS Group upgraded Roku from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Roku in a research note on Monday, March 24th. Finally, Bank of America began coverage on Roku in a research note on Thursday, March 27th. They issued a "buy" rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.70.

Roku Trading Up 2.3 %

Shares of ROKU stock traded up $1.30 during midday trading on Tuesday, reaching $58.43. 2,240,872 shares of the stock were exchanged, compared to its average volume of 3,741,224. The firm has a market cap of $8.53 billion, a PE ratio of -65.78 and a beta of 2.17. The company's 50 day moving average is $79.19 and its two-hundred day moving average is $77.25. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

About Roku

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.