Cwm LLC Purchases 7,074 Shares of Roku, Inc. (NASDAQ:ROKU)

CWM LLC grew its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 113.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,309 shares of the company's stock after buying an additional 7,074 shares during the quarter. CWM LLC's holdings in Roku were worth $937,000 as of its most recent SEC filing.

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

Roku Stock Performance

Shares of NASDAQ ROKU traded down $2.14 during mid-day trading on Tuesday, reaching $89.55. The company had a trading volume of 2,899,856 shares, compared to its average volume of 3,815,438. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The stock has a fifty day moving average of $80.28 and a two-hundred day moving average of $76.26. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of -122.67 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted ($0.35) EPS. Roku's quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the sale, the chief financial officer directly owned 76,132 shares in the company, valued at approximately $6,867,106.40. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the sale, the chief executive officer directly owned 11,953 shares in the company, valued at $1,071,466.92. This represents a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,520 shares of company stock worth $7,898,294 in the last 90 days. 13.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROKU. FBN Securities assumed coverage on Roku in a report on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective for the company. Redburn Atlantic raised shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Monday, April 7th. JMP Securities boosted their target price on shares of Roku from $95.00 to $110.00 and gave the company a "market outperform" rating in a report on Monday. Benchmark reissued a "buy" rating and set a $130.00 target price on shares of Roku in a research report on Friday, May 2nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.92.

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.