Alpha DNA Investment Management LLC Sells 1,316 Shares of Roku, Inc. (NASDAQ:ROKU)

Alpha DNA Investment Management LLC cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,959 shares of the company’s stock after selling 1,316 shares during the period. Alpha DNA Investment Management LLC’s holdings in Roku were worth $520,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. ARK Investment Management LLC grew its position in Roku by 1.3% in the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock valued at $762,096,000 after acquiring an additional 159,785 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after purchasing an additional 30,038 shares in the last quarter. Bank of New York Mellon Corp increased its position in Roku by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock worth $30,013,000 after purchasing an additional 24,926 shares in the last quarter. Swiss National Bank lifted its stake in Roku by 1.3% in the 3rd quarter. Swiss National Bank now owns 376,800 shares of the company’s stock valued at $28,132,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Roku by 138.1% during the first quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock worth $22,314,000 after buying an additional 198,600 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Up 0.8 %

ROKU stock opened at $69.20 on Friday. The firm has a market capitalization of $10.05 billion, a PE ratio of -57.67 and a beta of 2.07. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84. The stock’s 50 day moving average is $74.45 and its 200-day moving average is $65.06.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned ($2.33) EPS. The business’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at $518,940.16. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,240 shares of company stock worth $6,729,582. 13.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of research reports. Jefferies Financial Group dropped their price target on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Friday, November 1st. Rosenblatt Securities increased their target price on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Thursday, October 31st. Wedbush lifted their target price on shares of Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Roku Company 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.