SkyOak Wealth LLC Decreases Stake in Roku, Inc. (NASDAQ:ROKU)

SkyOak Wealth LLC lessened its position in shares of Roku, Inc. (NASDAQ:ROKUFree Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,546 shares of the company’s stock after selling 620 shares during the quarter. SkyOak Wealth LLC’s holdings in Roku were worth $508,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new stake in Roku during the fourth quarter worth approximately $29,000. Covestor Ltd raised its holdings in Roku by 693.2% during the 1st quarter. Covestor Ltd now owns 349 shares of the company’s stock valued at $44,000 after buying an additional 305 shares during the period. Quarry LP bought a new stake in Roku in the second quarter worth $25,000. Spire Wealth Management boosted its stake in Roku by 58.3% during the second quarter. Spire Wealth Management now owns 459 shares of the company’s stock worth $29,000 after buying an additional 169 shares during the period. Finally, Federated Hermes Inc. bought a new position in Roku during the third quarter valued at $37,000. Institutional investors own 69.21% of the company’s stock.

Analyst Ratings Changes

ROKU has been the topic of a number of analyst reports. Oppenheimer cut Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Citigroup cut their price target on shares of Roku from $110.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Wedbush restated an “outperform” rating and issued a $120.00 target price on shares of Roku in a research note on Friday, February 16th. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of Roku in a research note on Friday, February 16th. Finally, Seaport Res Ptn lowered Roku from a “neutral” rating to a “sell” rating in a report on Monday, December 18th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Get Our Latest Stock Report on ROKU

Roku Price Performance

Shares of Roku stock opened at $63.58 on Friday. The firm has a fifty day moving average price of $76.86 and a 200 day moving average price of $80.76. Roku, Inc. has a 1 year low of $51.62 and a 1 year high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.10. The company had revenue of $984.40 million during the quarter, compared to the consensus estimate of $967.72 million. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. Roku’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted ($1.70) earnings per share. As a group, equities analysts expect that Roku, Inc. will post -2.16 EPS for the current year.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $90.50, for a total transaction of $2,262,500.00. Following the completion of the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $12,780,500.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other Roku news, insider Charles Collier sold 4,182 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the sale, the insider now directly owns 8,474 shares in the company, valued at approximately $550,810. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $90.50, for a total value of $2,262,500.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares in the company, valued at approximately $12,780,500.50. The disclosure for this sale can be found here. Insiders sold a total of 79,543 shares of company stock worth $6,631,587 in the last 90 days. Corporate insiders own 13.63% of the company’s stock.

Roku Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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