Prakash Investment Advisors LLC Acquires New Shares in Roku, Inc. (NASDAQ:ROKU)

Prakash Investment Advisors LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,800 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP boosted its position in shares of Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after buying an additional 18,520 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Roku during the third quarter valued at $129,015,000. National Bank of Canada FI boosted its position in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the last quarter. EULAV Asset Management boosted its position in shares of Roku by 59.1% during the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after buying an additional 68,000 shares during the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in shares of Roku during the third quarter valued at $547,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 5,000 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the transaction, the chief financial officer now directly owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. This trade represents a 7.87 % 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, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,421 shares of company stock valued at $9,660,786. Corporate insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $92.79 on Friday. The firm has a fifty day moving average price of $81.56 and a 200-day moving average price of $74.73. Roku, Inc. has a 1 year low of $48.33 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research reports. JMP Securities raised their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Moffett Nathanson lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a research report on Friday, January 10th. UBS Group upped their target price on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Citigroup upped their target price on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

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.