Headlands Technologies LLC Makes New $1.44 Million Investment in Roku, Inc. (NASDAQ:ROKU)

Headlands Technologies LLC purchased a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,410 shares of the company's stock, valued at approximately $1,443,000.

A number of other large investors have also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. raised its stake in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Roku in the fourth quarter valued at about $30,000. Raelipskie Partnership acquired a new stake in Roku during the third quarter valued at approximately $32,000. Game Plan Financial Advisors LLC bought a new position in Roku during the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after acquiring an additional 491 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 4,600 shares of the firm'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 $345,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at $468,225. This trade represents a 42.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,905 shares of company stock worth $8,632,306. 13.98% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. FBN Securities started coverage on Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 price target on the stock. JMP Securities raised their price target on shares of Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $92.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Finally, Benchmark lifted their target price on Roku from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus target price of $96.55.

Roku Price Performance

Shares of Roku stock traded down $11.16 during trading on Thursday, hitting $60.26. The stock had a trading volume of 7,715,576 shares, compared to its average volume of 3,726,092. The business has a fifty day moving average of $80.64 and a two-hundred day moving average of $77.62. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a market cap of $8.79 billion, a P/E ratio of -67.71 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate 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, research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Roku Company 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.