California State Teachers Retirement System Has $14.76 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

California State Teachers Retirement System cut its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,489 shares of the company's stock after selling 5,424 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Roku worth $14,756,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ROKU. Entropy Technologies LP boosted its position in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock valued at $1,898,000 after acquiring an additional 18,520 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after acquiring an additional 1,082,548 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after acquiring an additional 56,820 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after buying an additional 34,898 shares during the period. Finally, Achmea Investment Management B.V. increased its stake in shares of Roku by 146.4% in the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after buying an additional 6,042 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on ROKU shares. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Roku in a research note on Friday, May 2nd. Wedbush cut their price target on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Evercore ISI dropped their target price on shares of Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Pivotal Research lowered their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Piper Sandler initiated coverage on shares of Roku in a research note on Thursday, April 17th. They issued a "neutral" rating and a $65.00 price objective on the stock. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and an average target price of $88.37.

Roku Price Performance

ROKU traded up $0.31 during trading on Tuesday, reaching $73.32. 998,769 shares of the stock were exchanged, compared to its average volume of 3,795,159. The business's 50 day moving average price is $65.41 and its two-hundred day moving average price is $74.42. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of -82.38 and a beta of 2.06. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly 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. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm posted ($0.35) earnings per share. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. On average, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares of the company's stock, valued at $5,163,225. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. This represents a 80.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,013 shares of company stock valued at $2,324,135. Company insiders own 13.98% of the company's stock.

Roku 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.