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Tobam trimmed its stake in shares of Roku, Inc. (NASDAQ:ROKU – Get Rating) by 68.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,724 shares of the company’s stock after selling 3,715 shares during the period. Tobam’s holdings in Roku were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glassman Wealth Services boosted its position in Roku by 334.3% during the second quarter. Glassman Wealth Services now owns 304 shares of the company’s stock worth $25,000 after purchasing an additional 234 shares in the last quarter. Bellwether Advisors LLC boosted its position in Roku by 1,757.1% during the second quarter. Bellwether Advisors LLC now owns 390 shares of the company’s stock worth $32,000 after purchasing an additional 369 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its position in Roku by 8,000.0% during the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 405 shares of the company’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Roku by 193.5% in the second quarter. North Star Investment Management Corp. now owns 455 shares of the company’s stock valued at $37,000 after acquiring an additional 300 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its position in shares of Roku by 615.4% in the second quarter. Sterling Investment Advisors Ltd. now owns 465 shares of the company’s stock valued at $38,000 after acquiring an additional 400 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Roku
In other Roku news, SVP Gilbert Fuchsberg sold 2,040 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $59.16, for a total transaction of $120,686.40. Following the transaction, the senior vice president now owns 32,645 shares of the company’s stock, valued at approximately $1,931,278.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Gilbert Fuchsberg sold 2,040 shares of the company’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $59.16, for a total transaction of $120,686.40. Following the completion of the sale, the senior vice president now directly owns 32,645 shares in the company, valued at approximately $1,931,278.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stephen H. Kay sold 1,469 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total value of $82,939.74. Following the completion of the sale, the senior vice president now owns 81,290 shares of the company’s stock, valued at $4,589,633.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,519 shares of company stock valued at $599,411. 13.79% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
ROKU has been the topic of several research reports. Pivotal Research decreased their target price on Roku from $60.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, November 3rd. Rosenblatt Securities downgraded Roku from a “buy” rating to a “neutral” rating and decreased their target price for the company from $100.00 to $51.00 in a research report on Thursday, November 3rd. Wedbush cut their price target on Roku from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Monday, October 31st. KeyCorp cut their price target on Roku from $80.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, November 1st. Finally, Guggenheim cut Roku from a “buy” rating to a “neutral” rating in a report on Thursday, November 3rd. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Roku has a consensus rating of “Hold” and an average price target of $88.96.
Roku Trading Up 3.4 %
NASDAQ ROKU opened at $50.82 on Tuesday. The business’s 50 day moving average is $49.86 and its two-hundred day moving average is $62.77. Roku, Inc. has a 12-month low of $38.26 and a 12-month high of $179.68.
Roku (NASDAQ:ROKU – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.88) EPS for the quarter, topping the consensus estimate of ($1.37) by $0.49. Roku had a negative return on equity of 8.50% and a negative net margin of 7.59%. The business had revenue of $761.37 million for the quarter, compared to analyst estimates of $698.93 million. Research analysts anticipate that Roku, Inc. will post -3.65 earnings per share for the current year.
Roku Company Profile
(Get Rating)
Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.
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