Cubist Systematic Strategies LLC decreased its holdings in Roku Inc (NASDAQ:ROKU) by 24.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,118 shares of the company’s stock after selling 8,983 shares during the period. Cubist Systematic Strategies LLC’s holdings in Roku were worth $3,160,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ROKU. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Roku by 225.0% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 260 shares of the company’s stock valued at $30,000 after purchasing an additional 180 shares during the period. Pacitti Group Inc. acquired a new position in shares of Roku in the 2nd quarter valued at about $36,000. Sandy Spring Bank increased its holdings in shares of Roku by 70.0% in the 2nd quarter. Sandy Spring Bank now owns 340 shares of the company’s stock valued at $39,000 after purchasing an additional 140 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Roku in the 1st quarter valued at about $41,000. Finally, CENTRAL TRUST Co increased its holdings in shares of Roku by 33.9% in the 2nd quarter. CENTRAL TRUST Co now owns 395 shares of the company’s stock valued at $46,000 after purchasing an additional 100 shares during the period. Institutional investors own 62.26% of the company’s stock.
In other news, CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $124.69, for a total transaction of $4,364,150.00. Following the transaction, the chief executive officer now owns 60,000 shares in the company, valued at approximately $7,481,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Louden sold 75,000 shares of Roku stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $162.51, for a total value of $12,188,250.00. Following the transaction, the chief financial officer now owns 75,000 shares in the company, valued at approximately $12,188,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 429,997 shares of company stock worth $69,095,309. Company insiders own 19.40% of the company’s stock.
ROKU has been the topic of a number of research reports. Moffett Nathanson initiated coverage on Roku in a report on Monday, July 20th. They issued a “neutral” rating and a $145.00 target price on the stock. Pivotal Research increased their price objective on Roku from $60.00 to $65.00 in a report on Thursday, August 6th. Deutsche Bank began coverage on Roku in a report on Tuesday, August 11th. They issued a “buy” rating and a $185.00 price objective on the stock. Benchmark increased their price objective on Roku from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, DA Davidson increased their price objective on Roku from $150.00 to $190.00 in a report on Monday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $163.04.
Roku stock opened at $168.52 on Wednesday. The business’s 50-day simple moving average is $156.58 and its 200 day simple moving average is $124.27. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of -146.54 and a beta of 1.85. Roku Inc has a 12-month low of $58.22 and a 12-month high of $185.44. The company has a quick ratio of 2.98, a current ratio of 3.09 and a debt-to-equity ratio of 0.09.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.20. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. As a group, sell-side analysts expect that Roku Inc will post -1.49 EPS for the current year.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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