62,083 Shares in Roku, Inc. (NASDAQ:ROKU) Bought by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,083 shares of the company's stock, valued at approximately $4,615,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Roku during the fourth quarter worth $30,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd raised its holdings in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after buying an additional 491 shares during the last quarter. Finally, Allianz SE acquired a new position in Roku during the fourth quarter worth $39,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Performance

NASDAQ ROKU opened at $71.41 on Wednesday. The company has a market capitalization of $10.42 billion, a PE ratio of -80.24 and a beta of 2.06. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company has a 50-day simple moving average of $65.99 and a 200 day simple moving average of $74.50.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) earnings per share. As a group, analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. This trade represents a 42.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,111 shares of company stock worth $1,165,212 over the last quarter. 13.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROKU. Rosenblatt Securities lowered their price objective on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Citigroup lowered their target price on shares of Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Moffett Nathanson upgraded shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price for the company in a report on Tuesday, March 4th. Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Roku in a report on Friday, May 2nd. Finally, Pivotal Research lowered their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.93.

About Roku

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.

Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.