Clay Northam Wealth Management LLC Has $356,000 Position in Roku, Inc. (NASDAQ:ROKU)

Clay Northam Wealth Management LLC cut its stake in Roku, Inc. (NASDAQ:ROKU) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,934 shares of the company’s stock after selling 271 shares during the quarter. Clay Northam Wealth Management LLC’s holdings in Roku were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ROKU. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after acquiring an additional 1,457,925 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in Roku by 25.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock worth $462,108,000 after purchasing an additional 1,455,408 shares in the last quarter. Norges Bank bought a new stake in Roku in the fourth quarter worth $90,386,000. Quadrature Capital Ltd acquired a new position in Roku during the fourth quarter worth $35,856,000. Finally, Vanguard Group Inc. raised its holdings in Roku by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock valued at $1,086,533,000 after buying an additional 380,409 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Bank of America decreased their price objective on shares of Roku from $85.00 to $75.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on shares of Roku from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Susquehanna decreased their target price on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a research note on Monday, April 29th. Finally, Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Roku in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Roku currently has a consensus rating of “Hold” and a consensus target price of $79.71.

Insider Buying and Selling

In other news, SVP Stephen H. Kay sold 3,322 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total value of $189,652.98. Following the transaction, the senior vice president now directly owns 82,036 shares in the company, valued at approximately $4,683,435.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roku news, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $55.59, for a total value of $673,973.16. Following the completion of the sale, the senior vice president now owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen H. Kay sold 3,322 shares of Roku stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total transaction of $189,652.98. Following the transaction, the senior vice president now directly owns 82,036 shares in the company, valued at $4,683,435.24. The disclosure for this sale can be found here. Insiders sold a total of 27,075 shares of company stock valued at $1,556,005 over the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of ROKU stock traded down $0.69 during trading hours on Friday, reaching $58.58. 1,968,189 shares of the company were exchanged, compared to its average volume of 3,911,259. The company has a market cap of $8.48 billion, a price-to-earnings ratio of -14.68 and a beta of 1.96. The stock’s fifty day moving average is $58.01 and its two-hundred day moving average is $62.64. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned ($0.76) EPS. On average, research analysts anticipate that Roku, Inc. will post -1.45 earnings per share for the current year.

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.