denkapparat Operations GmbH Takes $310,000 Position in Roku, Inc. (NASDAQ:ROKU)

denkapparat Operations GmbH acquired a new position in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,174 shares of the company’s stock, valued at approximately $310,000.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after purchasing an additional 121 shares during the period. Richard W. Paul & Associates LLC grew its holdings in shares of Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock worth $1,189,000 after purchasing an additional 177 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Roku by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after acquiring an additional 191 shares during the period. PFG Investments LLC boosted its position in shares of Roku by 4.9% during the 4th quarter. PFG Investments LLC now owns 4,361 shares of the company’s stock worth $324,000 after acquiring an additional 204 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Roku by 52.8% in the fourth quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $50,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research analyst reports. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and raised their price objective for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Bank of America started coverage on shares of Roku in a research note on Thursday. They issued a “buy” rating and a $100.00 price target on the stock. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 target price on shares of Roku in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.71.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 4,600 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares of the company’s stock, valued at $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,908 shares of company stock worth $8,633,436 in the last quarter. 13.98% of the stock is owned by company insiders.

Roku Stock Down 2.3 %

Shares of NASDAQ ROKU opened at $76.05 on Friday. The company has a market capitalization of $11.10 billion, a PE ratio of -85.45 and a beta of 2.12. The stock’s 50 day moving average price is $81.16 and its 200-day moving average price is $77.54. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

About Roku

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.