Roku, Inc. (NASDAQ:ROKU) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its holdings in Roku, Inc. (NASDAQ:ROKU) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 232,600 shares of the company’s stock after selling 12,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Roku were worth $17,291,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Entropy Technologies LP increased its stake in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after acquiring an additional 18,520 shares during the last quarter. Geode Capital Management LLC increased its position in Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after purchasing an additional 56,820 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock worth $73,661,000 after purchasing an additional 34,898 shares during the period. Achmea Investment Management B.V. boosted its holdings in shares of Roku by 146.4% in the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after purchasing an additional 6,042 shares during the last quarter. Finally, Allstate Corp purchased a new stake in shares of Roku during the 4th quarter valued at $275,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roku news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the sale, the insider now directly owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,333,486.34. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,905 shares of company stock valued at $6,560,876. Company insiders own 13.98% of the company’s stock.

Roku Stock Up 0.1 %

Shares of Roku stock opened at $58.46 on Monday. The business has a 50-day moving average price of $74.07 and a 200 day moving average price of $76.04. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a market cap of $8.53 billion, a P/E ratio of -65.69 and a beta of 2.17.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ROKU shares. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a research report on Tuesday, March 4th. FBN Securities began coverage on Roku in a report on Friday, March 28th. They set an “outperform” rating and a $93.00 target price for the company. JMP Securities raised their price target on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Benchmark lifted their price target on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Redburn Atlantic raised shares of Roku from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.11.

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.