4,174 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,174 shares of the company’s stock, valued at approximately $310,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Roku during the 4th quarter valued at $4,351,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Roku by 127.7% during the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,289 shares of the company’s stock worth $2,326,000 after purchasing an additional 17,550 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Roku by 16.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 95,437 shares of the company’s stock worth $7,385,000 after purchasing an additional 13,799 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Roku by 22.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,315 shares of the company’s stock valued at $5,302,000 after purchasing an additional 12,893 shares during the period. Finally, Vanguard Group Inc. raised its position in Roku by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after purchasing an additional 185,676 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at approximately $468,225. This trade represents a 42.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the transaction, the chief accounting officer now directly owns 7,256 shares in the company, valued at $583,092.16. This trade represents a 20.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,908 shares of company stock worth $8,633,436. Company insiders own 13.98% of the company’s stock.

Roku Price Performance

ROKU stock opened at $76.05 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The company has a market cap of $11.10 billion, a P/E ratio of -85.45 and a beta of 2.12. The stock’s fifty day moving average price is $81.16 and its 200-day moving average price is $77.54.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JMP Securities boosted their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. Finally, Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.71.

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.