Prakash Investment Advisors LLC Acquires Shares of 2,800 Roku, Inc. (NASDAQ:ROKU)

Prakash Investment Advisors LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,800 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors have also bought and sold shares of the business. Concurrent Investment Advisors LLC lifted its position in Roku by 16.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,267 shares of the company’s stock valued at $317,000 after purchasing an additional 597 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Roku by 15.0% during the fourth quarter. Handelsbanken Fonder AB now owns 34,600 shares of the company’s stock valued at $2,572,000 after purchasing an additional 4,500 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Roku by 18.3% in the 4th quarter. Ieq Capital LLC now owns 12,846 shares of the company’s stock worth $955,000 after acquiring an additional 1,990 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Roku by 29.1% in the 4th quarter. Private Advisor Group LLC now owns 23,679 shares of the company’s stock worth $1,760,000 after acquiring an additional 5,332 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Roku by 591.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,311 shares of the company’s stock worth $172,000 after acquiring an additional 1,977 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

NASDAQ ROKU opened at $92.79 on Friday. The company’s 50-day simple moving average is $81.56 and its two-hundred day simple moving average is $74.73. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

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

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku 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 $2,510,000.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,664,415.20. The trade was a 48.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the transaction, the chief financial officer now directly owns 58,555 shares in the company, valued at approximately $5,878,922. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,421 shares of company stock valued at $9,660,786. Company insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of several analyst reports. UBS Group raised their target price on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Piper Sandler raised their target price on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Bank of America raised their target price on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Roku in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

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.