100,681 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 100,681 shares of the company’s stock, valued at approximately $7,485,000. ExodusPoint Capital Management LP owned approximately 0.07% of Roku at the end of the most recent reporting period.

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

Roku Trading Down 8.3 %

ROKU opened at $55.28 on Friday. The stock has a fifty day moving average price of $79.65 and a 200 day moving average price of $77.37. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of -62.11 and a beta of 2.17.

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

Analysts Set New Price Targets

A number of research firms have recently commented on ROKU. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a report on Sunday, March 23rd. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Roku in a report on Monday, February 10th. Finally, Bank of America began coverage on shares of Roku in a research note on Thursday, March 27th. They set a “buy” rating and a $100.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $96.55.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares of the company’s stock, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock valued at $8,632,306 over the last ninety days. Corporate insiders own 13.98% of the company’s stock.

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.