Atria Wealth Solutions Inc. Has $632,000 Position in Roku, Inc. (NASDAQ:ROKU)

Atria Wealth Solutions Inc. lessened its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 29.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,508 shares of the company's stock after selling 3,628 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Roku were worth $632,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of Roku by 41.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,397 shares of the company's stock valued at $104,000 after buying an additional 406 shares in the last quarter. CIBC Asset Management Inc boosted its position in Roku by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company's stock valued at $287,000 after purchasing an additional 191 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Roku during the 4th quarter valued at about $218,000. Principal Financial Group Inc. lifted its stake in Roku by 1,107.2% in the fourth quarter. Principal Financial Group Inc. now owns 103,032 shares of the company's stock valued at $7,659,000 after acquiring an additional 94,497 shares during the last quarter. Finally, Game Plan Financial Advisors LLC bought a new stake in Roku in the fourth quarter worth $37,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

Shares of NASDAQ ROKU traded up $2.02 during trading hours on Friday, reaching $83.51. The stock had a trading volume of 3,053,372 shares, compared to its average volume of 3,707,244. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The business's fifty day moving average is $82.14 and its two-hundred day moving average is $76.22. The company has a market cap of $12.19 billion, a price-to-earnings ratio of -93.83 and a beta of 2.05.

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

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 5,000 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the sale, the chief financial officer now directly owns 58,555 shares in the company, valued at $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,432 shares of company stock worth $9,661,783 over the last quarter. Company insiders own 13.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JMP Securities raised their price objective on Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Moffett Nathanson lowered shares of Roku from a "neutral" rating to a "sell" rating and set a $55.00 price target on the stock. in a research report on Friday, January 10th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $86.00 price objective on shares of Roku in a report on Thursday, February 13th. Benchmark lifted their target price on shares of Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Robert W. Baird upgraded shares of Roku from a "neutral" rating to an "outperform" rating and upped their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.00.

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.