Algert Global LLC Acquires 14,600 Shares of Roku, Inc. (NASDAQ:ROKU)

Algert Global LLC raised its holdings in Roku, Inc. (NASDAQ:ROKUFree Report) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,777 shares of the company’s stock after acquiring an additional 14,600 shares during the period. Algert Global LLC’s holdings in Roku were worth $5,210,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ROKU. AQR Capital Management LLC boosted its holdings in shares of Roku by 645.3% during the 2nd quarter. AQR Capital Management LLC now owns 221,557 shares of the company’s stock valued at $13,278,000 after acquiring an additional 191,831 shares in the last quarter. ARK Investment Management LLC grew its holdings in shares of Roku by 1.3% during the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after purchasing an additional 159,785 shares during the last quarter. Andra AP fonden increased its stake in shares of Roku by 116.6% in the second quarter. Andra AP fonden now owns 293,900 shares of the company’s stock valued at $17,613,000 after buying an additional 158,200 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Roku by 323.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,911 shares of the company’s stock valued at $13,028,000 after buying an additional 152,719 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Roku by 279.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 175,645 shares of the company’s stock worth $10,526,000 after buying an additional 129,360 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Activity at Roku

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. This represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the transaction, the chief accounting officer now directly owns 7,264 shares in the company, valued at $518,940.16. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,240 shares of company stock valued at $6,729,582. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

NASDAQ ROKU opened at $69.20 on Monday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The business has a 50 day moving average price of $74.45 and a 200-day moving average price of $65.09.

Roku (NASDAQ:ROKUGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.33) earnings per share. Equities research analysts forecast that Roku, Inc. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Roku in a research note on Friday. They set a “neutral” rating and a $73.00 price target for the company. Rosenblatt Securities lifted their target price on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their price objective on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

View Our Latest Research Report on ROKU

Roku Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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