Banque Cantonale Vaudoise Sells 265 Shares of Roku, Inc. (NASDAQ:ROKU)

Banque Cantonale Vaudoise reduced its position in shares of Roku, Inc. (NASDAQ:ROKUFree Report) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,345 shares of the company’s stock after selling 265 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Roku were worth $166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Roku by 693.2% in the first quarter. Covestor Ltd now owns 349 shares of the company’s stock valued at $44,000 after buying an additional 305 shares during the last quarter. Quarry LP bought a new position in Roku during the second quarter worth $25,000. Spire Wealth Management boosted its position 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 purchasing an additional 169 shares during the period. ICA Group Wealth Management LLC bought a new position in shares of Roku in the fourth quarter valued at about $25,000. Finally, Lion Street Advisors LLC acquired a new stake in shares of Roku during the 2nd quarter worth about $218,000. 69.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of research reports. Pivotal Research upped their price target on shares of Roku from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Tuesday, December 19th. Seaport Res Ptn lowered Roku from a “neutral” rating to a “sell” rating in a research note on Monday, December 18th. Truist Financial reduced their price target on Roku from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Monday, October 23rd. Moffett Nathanson cut Roku from a “market perform” rating to a “sell” rating and increased their price objective for the stock from $64.00 to $66.00 in a research report on Friday, December 15th. Finally, Susquehanna boosted their target price on shares of Roku from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.61.

Get Our Latest Stock Report on Roku

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $89.03, for a total value of $296,736.99. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at $12,572,905.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $99.69, for a total value of $2,492,250.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $14,078,321.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 3,333 shares of Roku stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $89.03, for a total transaction of $296,736.99. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at $12,572,905.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,418 shares of company stock valued at $11,979,970. 13.63% of the stock is owned by insiders.

Roku Price Performance

Shares of NASDAQ ROKU opened at $95.80 on Friday. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a 50-day moving average price of $92.58 and a two-hundred day moving average price of $83.51.

Roku Profile

(Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

Further Reading

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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