Knowledge Leaders Capital LLC Trims Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Knowledge Leaders Capital LLC trimmed its holdings in Roku, Inc. (NASDAQ:ROKU) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in shares of Roku by 200.3% in the third quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock worth $2,903,000 after buying an additional 27,431 shares during the period. Nordea Investment Management AB increased its holdings in Roku by 8.2% during the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after purchasing an additional 551 shares during the period. Barclays PLC increased its holdings in Roku by 13.0% during the 3rd quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after purchasing an additional 24,765 shares during the period. Deutsche Bank AG increased its holdings in Roku by 27.6% during the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after purchasing an additional 33,500 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in Roku by 32.4% during the 4th quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after purchasing an additional 19,543 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Charles Collier sold 4,182 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.00, for a total value of $271,830.00. Following the completion of the sale, the insider now owns 8,474 shares in the company, valued at $550,810. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,545 shares of company stock worth $4,364,035. Company insiders own 13.63% of the company’s stock.

Roku Stock Performance

NASDAQ ROKU traded down $6.46 during trading hours on Friday, hitting $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 1-year low of $51.62 and a 1-year high of $108.84. The company has a market cap of $8.09 billion, a PE ratio of -14.12 and a beta of 1.66. The business has a 50 day moving average of $62.80 and a 200-day moving average of $78.48.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same quarter in the prior year, the firm posted ($1.38) earnings per share. Roku’s revenue for the quarter was up 19.0% on a year-over-year basis. Sell-side analysts expect that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent research reports. Susquehanna increased their target price on Roku from $100.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Benchmark lowered their price objective on Roku from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday. Citigroup lowered their price objective on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Friday. Finally, Wells Fargo & Company lifted their price target on Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.