Knowledge Leaders Capital LLC Sells 526 Shares of Roku, Inc. (NASDAQ:ROKU)

Knowledge Leaders Capital LLC trimmed its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 8.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,800 shares of the company’s stock after selling 526 shares during the quarter. Knowledge Leaders Capital LLC’s holdings in Roku were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROKU. GAMMA Investing LLC bought a new position in Roku during the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Roku in the fourth quarter worth about $29,000. Federated Hermes Inc. bought a new position in shares of Roku in the third quarter worth about $37,000. Headinvest LLC bought a new position in shares of Roku in the third quarter worth about $42,000. Finally, Spire Wealth Management raised its stake in shares of Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Roku Price Performance

ROKU traded down $6.46 during trading on Friday, reaching $56.35. The company had a trading volume of 18,083,807 shares, compared to its average volume of 3,623,862. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The business’s fifty day moving average price is $62.80 and its 200 day moving average price is $78.48. The company has a market cap of $8.09 billion, a P/E ratio of -14.12 and a beta of 1.66.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The firm 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. The business’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts predict that Roku, Inc. will post -2.12 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,545 shares of company stock valued at $4,364,035. 13.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ROKU. Citigroup dropped their target price on shares of Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Wedbush dropped their target price on shares of Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley dropped their target price 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. Piper Sandler reiterated a “neutral” rating and set a $65.00 price target (down previously from $81.00) on shares of Roku in a research report on Friday. Finally, Susquehanna lifted their price target on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus price target of $83.90.

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.