Alpha DNA Investment Management LLC Sells 1,316 Shares of Roku, Inc. (NASDAQ:ROKU)

Alpha DNA Investment Management LLC lowered its position in Roku, Inc. (NASDAQ:ROKU) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,959 shares of the company’s stock after selling 1,316 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Roku were worth $520,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. GS Investments Inc. raised its stake in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares in the last quarter. PFG Investments LLC raised its position in Roku by 3.7% in the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after purchasing an additional 150 shares during the period. Mcdonald Partners LLC lifted its stake in Roku by 0.9% in the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after purchasing an additional 175 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after buying an additional 202 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Roku by 11.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after buying an additional 222 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ROKU shares. Wedbush increased their target price on Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Citigroup increased their price objective on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Bank of America lifted their target price on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Jefferies Financial Group lowered their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.14.

Roku Price Performance

NASDAQ:ROKU opened at $69.20 on Friday. The firm’s 50-day moving average price is $74.45 and its 200-day moving average price is $65.06. The company has a market capitalization of $10.05 billion, a PE ratio of -57.67 and a beta of 2.07. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned ($2.33) earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the sale, the chief accounting officer now directly owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares of the company’s stock, valued at $4,087,933.11. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,240 shares of company stock worth $6,729,582 in the last 90 days. Insiders own 13.98% of the company’s stock.

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.