Roku, Inc. (NASDAQ:ROKU) Shares Sold by Versor Investments LP

Versor Investments LP reduced its stake in Roku, Inc. (NASDAQ:ROKU) by 76.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,893 shares of the company’s stock after selling 26,155 shares during the period. Versor Investments LP’s holdings in Roku were worth $589,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Roku by 243.1% during 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 during the period. Empowered Funds LLC increased its stake in Roku by 25.5% during the 1st quarter. Empowered Funds LLC now owns 5,088 shares of the company’s stock worth $332,000 after buying an additional 1,033 shares during the period. Russell Investments Group Ltd. lifted its holdings in Roku by 131.1% in the 1st quarter. Russell Investments Group Ltd. now owns 66,046 shares of the company’s stock worth $4,305,000 after buying an additional 37,464 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Roku by 45.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 18,847 shares of the company’s stock valued at $1,228,000 after buying an additional 5,898 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Roku during the 1st quarter worth approximately $1,536,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ROKU shares. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Friday, August 23rd. Piper Sandler lifted their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and set a $105.00 price objective on shares of Roku in a research note on Thursday, September 12th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price for the company in a research report on Tuesday, October 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Roku has a consensus rating of “Hold” and an average price target of $83.95.

Roku Stock Performance

NASDAQ:ROKU opened at $75.21 on Thursday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The business has a fifty day moving average of $74.12 and a 200-day moving average of $64.51. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of -62.68 and a beta of 2.07.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Roku’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned ($2.33) EPS. On average, equities research analysts predict that Roku, Inc. will post -1.1 EPS for the current year.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 15,454 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the completion of the transaction, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Roku news, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the completion of the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total transaction of $76,250.00. Following the transaction, the chief financial officer now owns 53,267 shares of the company’s stock, valued at approximately $4,061,608.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,776 shares of company stock worth $5,267,305 over the last quarter. 13.98% of the stock is currently owned by company insiders.

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.