Roku, Inc. (NASDAQ:ROKU) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 38.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,566 shares of the company's stock after selling 7,686 shares during the quarter. GSA Capital Partners LLP's holdings in Roku were worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Roku by 243.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,045 shares of the company's stock valued at $133,000 after buying an additional 1,449 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Roku by 25.5% during the first quarter. Empowered Funds LLC now owns 5,088 shares of the company's stock worth $332,000 after buying an additional 1,033 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Roku by 131.1% in the first quarter. Russell Investments Group Ltd. now owns 66,046 shares of the company's stock valued at $4,305,000 after buying an additional 37,464 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Roku by 45.5% in the first quarter. Avantax Advisory Services Inc. now owns 18,847 shares of the company's stock worth $1,228,000 after buying an additional 5,898 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Roku during the first quarter worth about $1,536,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the sale, the chief financial officer now owns 53,267 shares of the company's stock, valued at $4,061,608.75. This trade represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company's stock, valued at $376,500. The trade was a 83.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,776 shares of company stock valued at $5,267,305 in the last 90 days. 13.98% of the stock is currently owned by insiders.

Roku Stock Down 7.3 %

Shares of NASDAQ ROKU opened at $68.87 on Friday. The firm has a 50-day moving average price of $74.36 and a 200 day moving average price of $64.65. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of -57.39 and a beta of 2.07.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned ($2.33) EPS. The company's quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

ROKU has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Jefferies Financial Group cut their price target on shares of Roku from $60.00 to $55.00 and set an "underperform" rating for the company in a report on Friday, November 1st. Guggenheim raised shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Roku in a research report on Thursday, October 31st. Finally, Wedbush increased their price objective on Roku from $75.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $83.95.

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.