Central Pacific Bank Trust Division Invests $469,000 in Roku, Inc. (NASDAQ:ROKU)

Central Pacific Bank Trust Division bought a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,660 shares of the company's stock, valued at approximately $469,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ROKU. Geneos Wealth Management Inc. lifted its position in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC purchased a new position in Roku during the fourth quarter valued at $30,000. Game Plan Financial Advisors LLC purchased a new position in Roku during the fourth quarter valued at $37,000. Harvest Fund Management Co. Ltd lifted its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE purchased a new position in Roku during the fourth quarter valued at $39,000. Institutional investors own 86.30% of the company's stock.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 1,906 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares of the company's stock, valued at approximately $583,092.16. The trade was a 20.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 80.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,100 shares of company stock valued at $3,039,215. Corporate insiders own 13.98% of the company's stock.

Roku Stock Down 1.7%

Shares of Roku stock traded down $1.23 during trading hours on Friday, reaching $71.57. 9,621,130 shares of the stock traded hands, compared to its average volume of 3,811,332. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of -80.42 and a beta of 2.06. The company has a 50 day moving average price of $65.51 and a 200 day moving average price of $74.39.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating 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 firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm earned ($0.35) EPS. The business's quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROKU. Bank of America began coverage on Roku in a research report on Thursday, March 27th. They issued a "buy" rating and a $100.00 price target for the company. Pivotal Research lowered their price target on Roku from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Compass Point began coverage on Roku in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $95.00 price target on shares of Roku in a research report on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.93.

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.