Prudential PLC Buys 5,249 Shares of Roku, Inc. (NASDAQ:ROKU)

Prudential PLC raised its stake in shares of Roku, Inc. (NASDAQ:ROKUFree Report) by 109.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,051 shares of the company’s stock after purchasing an additional 5,249 shares during the quarter. Prudential PLC’s holdings in Roku were worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Eisler Capital UK Ltd. bought a new stake in shares of Roku during the 4th quarter worth $470,000. California State Teachers Retirement System boosted its holdings in shares of Roku by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 194,916 shares of the company’s stock worth $17,866,000 after purchasing an additional 3,207 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in shares of Roku in the 4th quarter worth about $531,000. Bank of Nova Scotia bought a new position in shares of Roku during the 4th quarter valued at about $241,000. Finally, TFO Wealth Partners LLC raised its holdings in shares of Roku by 59,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,772 shares of the company’s stock valued at $437,000 after buying an additional 4,764 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler reissued a “neutral” rating and set a $65.00 price target (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Morgan Stanley lowered their price target on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Stephens restated an “overweight” rating and set a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Seaport Res Ptn upgraded Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Pivotal Research lowered their target price on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $82.50.

Read Our Latest Research Report on ROKU

Insider Transactions at Roku

In related news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total transaction of $409,532.43. Following the completion of the transaction, the insider now owns 15,654 shares of the company’s stock, valued at approximately $892,747.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the transaction, the insider now owns 15,654 shares in the company, valued at approximately $892,747.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mai Fyfield sold 650 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $57.88, for a total transaction of $37,622.00. Following the sale, the director now owns 3,259 shares of the company’s stock, valued at $188,630.92. The disclosure for this sale can be found here. Insiders have sold a total of 11,774 shares of company stock valued at $673,993 in the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Roku Price Performance

NASDAQ:ROKU opened at $57.88 on Tuesday. The firm’s 50-day moving average price is $59.27 and its 200-day moving average price is $75.03. The company has a market capitalization of $8.34 billion, a PE ratio of -14.51 and a beta of 1.92. Roku, Inc. has a 1-year low of $55.01 and a 1-year high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same quarter in the previous year, the firm posted ($1.38) earnings per share. Roku’s quarterly revenue was up 19.0% on a year-over-year basis. Equities analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Roku Company 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.

See Also

Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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