Gilder Gagnon Howe & Co. LLC Buys 589,610 Shares of Roku, Inc. (NASDAQ:ROKU)

Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 214.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 864,974 shares of the company's stock after acquiring an additional 589,610 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.60% of Roku worth $64,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ROKU. Farther Finance Advisors LLC boosted its holdings in Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares during the period. Cerity Partners LLC lifted its position in shares of Roku by 0.5% during the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after purchasing an additional 145 shares in the last quarter. Richard W. Paul & Associates LLC grew its position in shares of Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock worth $1,189,000 after buying an additional 177 shares during the period. CIBC Asset Management Inc lifted its stake in Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company's stock valued at $287,000 after buying an additional 191 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of Roku by 4.9% in the fourth quarter. PFG Investments LLC now owns 4,361 shares of the company's stock worth $324,000 after acquiring an additional 204 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the sale, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,905 shares of company stock worth $6,560,876 over the last 90 days. Insiders own 13.98% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ROKU. Needham & Company LLC reiterated a "buy" rating and set a $88.50 price objective on shares of Roku in a research report on Thursday, April 24th. Benchmark restated a "buy" rating and set a $130.00 price target on shares of Roku in a report on Monday, April 21st. Compass Point started coverage on Roku in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Citigroup restated an "outperform" rating on shares of Roku in a research note on Thursday, April 24th. Finally, Bank of America started coverage on Roku in a research note on Thursday, March 27th. They issued a "buy" rating and a $100.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Roku has a consensus rating of "Moderate Buy" and a consensus target price of $90.39.

Roku Trading Down 2.5 %

ROKU stock traded down $1.73 during midday trading on Wednesday, hitting $67.55. The stock had a trading volume of 2,152,422 shares, compared to its average volume of 3,689,826. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of -75.90 and a beta of 2.17. The stock has a 50-day simple moving average of $70.04 and a 200 day simple moving average of $75.41. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

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.