denkapparat Operations GmbH Acquires New Stake in Roku, Inc. (NASDAQ:ROKU)

denkapparat Operations GmbH bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,174 shares of the company's stock, valued at approximately $310,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the period. Vision Financial Markets LLC acquired a new stake in Roku in the 4th quarter worth about $30,000. Raelipskie Partnership purchased a new stake in Roku during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after acquiring an additional 491 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Trading Down 2.6 %

Roku stock traded down $1.88 during midday trading on Monday, reaching $70.61. 1,557,564 shares of the stock traded hands, compared to its average volume of 3,704,119. The firm has a market cap of $10.31 billion, a PE ratio of -79.48 and a beta of 2.12. The company has a 50-day simple moving average of $81.10 and a two-hundred day simple moving average of $77.72. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

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Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.20 billion during 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%. Equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on ROKU shares. JPMorgan Chase & Co. boosted their price target on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price target on shares of Roku in a research note on Monday, March 24th. Compass Point started coverage on shares of Roku in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Finally, Bank of America started coverage on Roku in a report on Thursday. They set a "buy" rating and a $100.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and an average price target of $96.55.

Insider Transactions at Roku

In related news, insider Charles Collier sold 7,181 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now directly owns 7,380 shares of the company's stock, valued at $577,485. The trade was a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,116,936.26. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is currently owned by company 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.