100,681 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 100,681 shares of the company’s stock, valued at approximately $7,485,000.

Other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Vision Financial Markets LLC bought a new stake in Roku in the 4th quarter valued at $30,000. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter worth $32,000. Game Plan Financial Advisors LLC bought a new position in shares of Roku during the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of 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 last quarter. 86.30% of the stock is owned by institutional investors.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now 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 is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock worth $8,632,306 over the last 90 days. Insiders own 13.98% of the company’s stock.

Roku Trading Down 8.3 %

Shares of ROKU stock opened at $55.28 on Friday. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -62.11 and a beta of 2.17. The firm’s 50 day moving average is $79.65 and its 200-day moving average is $77.37. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data 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. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JMP Securities lifted their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Roku in a research note on Monday, February 10th. Citigroup raised Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday, March 23rd. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price target on shares of Roku in a report on Thursday, February 13th. Finally, Jefferies Financial Group raised 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.55.

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.