Roku, Inc. (NASDAQ:ROKU) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 1.3% during the 3rd quarter, Holdings Channel reports. The fund owned 16,060 shares of the company’s stock after selling 219 shares during the quarter. Victory Capital Management Inc.’s holdings in Roku were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. ARK Investment Management LLC grew its stake in shares of Roku by 1.3% during the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after purchasing an additional 159,785 shares during the period. Bank of New York Mellon Corp raised its position in shares of Roku by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock valued at $30,013,000 after buying an additional 24,926 shares during the last quarter. Andra AP fonden lifted its stake in Roku by 116.6% in the 2nd quarter. Andra AP fonden now owns 293,900 shares of the company’s stock worth $17,613,000 after purchasing an additional 158,200 shares in the last quarter. AQR Capital Management LLC boosted its stake in Roku by 645.3% during the second quarter. AQR Capital Management LLC now owns 221,557 shares of the company’s stock worth $13,278,000 after buying an additional 191,831 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Roku by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 197,106 shares of the company’s stock valued at $12,845,000 after acquiring an additional 2,190 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROKU shares. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Tuesday, October 1st. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Piper Sandler upped their price target on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $105.00 target price on shares of Roku in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Roku Price Performance

Shares of NASDAQ ROKU opened at $66.31 on Wednesday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of -55.26 and a beta of 2.07. The business has a 50-day moving average of $74.33 and a two-hundred day moving average of $65.19.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.33) earnings per share. As a group, equities research analysts expect that Roku, Inc. will post -1.1 earnings per share for the current year.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 15,454 shares of Roku stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the transaction, the insider now directly owns 200 shares of the company’s stock, valued at $15,000. The trade was a 98.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,240 shares of company stock worth $6,729,582 over the last 90 days. Corporate insiders own 13.98% of the company’s stock.

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.