Roku, Inc. (NASDAQ:ROKU) Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 72.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the company's stock after selling 15,327 shares during the period. Audent Global Asset Management LLC's holdings in Roku were worth $409,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares during the period. Vanguard Group Inc. boosted its holdings in Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock worth $910,597,000 after buying an additional 185,676 shares during the last quarter. Marshall Wace LLP grew its stake in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after acquiring an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Roku by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after buying an additional 56,820 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Performance

ROKU stock traded up $1.72 on Friday, hitting $88.12. 2,047,155 shares of the company's stock were exchanged, compared to its average volume of 3,851,257. The stock has a market cap of $12.86 billion, a P/E ratio of -120.72 and a beta of 2.12. The firm has a 50 day moving average price of $74.15 and a two-hundred day moving average price of $75.29. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) earnings per share. Sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $80.27, for a total transaction of $2,006,750.00. Following the completion of the sale, the chief executive officer directly owned 11,953 shares of the company's stock, valued at approximately $959,467.31. This trade represents a 67.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $81.32, for a total value of $121,980.00. Following the transaction, the chief financial officer owned 80,632 shares of the company's stock, valued at $6,556,994.24. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,020 shares of company stock valued at $4,979,594. 13.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ROKU shares. FBN Securities initiated coverage on shares of Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 target price on the stock. Citigroup restated a "neutral" rating and set a $84.00 target price (up previously from $68.00) on shares of Roku in a research report on Wednesday, June 18th. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Monday, April 7th. Compass Point began coverage on shares of Roku in a research report on Sunday, March 23rd. They set a "buy" rating for the company. Finally, Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Roku in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.37.

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.