Aptus Capital Advisors LLC Invests $244,000 in Roku, Inc. (NASDAQ:ROKU)

Aptus Capital Advisors LLC purchased a new position in shares of Roku, Inc. (NASDAQ:ROKUFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,463 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Roku by 13.0% in the third 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 last quarter. New York Life Investment Management LLC boosted its position in Roku by 109.7% during the third quarter. New York Life Investment Management LLC now owns 14,299 shares of the company’s stock valued at $1,009,000 after acquiring an additional 7,480 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Roku by 36.7% during the second quarter. Handelsbanken Fonder AB now owns 19,700 shares of the company’s stock valued at $1,260,000 after acquiring an additional 5,286 shares during the last quarter. Knowledge Leaders Capital LLC bought a new stake in Roku during the third quarter valued at $447,000. Finally, Quadrature Capital Ltd boosted its position in Roku by 1,183.5% during the second quarter. Quadrature Capital Ltd now owns 291,374 shares of the company’s stock valued at $18,636,000 after acquiring an additional 268,673 shares during the last quarter. 69.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROKU. Susquehanna increased their price objective on shares of Roku from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, November 2nd. Wedbush reissued an “outperform” rating and set a $120.00 price objective on shares of Roku in a research report on Friday. Seaport Res Ptn cut shares of Roku from a “neutral” rating to a “sell” rating in a research report on Monday, December 18th. Moffett Nathanson cut shares of Roku from a “market perform” rating to a “sell” rating and increased their price objective for the stock from $64.00 to $66.00 in a research report on Friday, December 15th. Finally, Truist Financial lowered their target price on shares of Roku from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, October 23rd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.61.

Get Our Latest Report on Roku

Insider Buying and Selling at Roku

In other news, insider Gidon Katz sold 4,455 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $90.00, for a total transaction of $400,950.00. Following the sale, the insider now owns 16,149 shares in the company, valued at approximately $1,453,410. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Gidon Katz sold 4,455 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $90.00, for a total transaction of $400,950.00. Following the sale, the insider now owns 16,149 shares in the company, valued at approximately $1,453,410. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 3,333 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $89.03, for a total transaction of $296,736.99. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at approximately $12,572,905.63. The disclosure for this sale can be found here. Insiders sold a total of 125,418 shares of company stock valued at $11,979,970 in the last three months. Company insiders own 13.63% of the company’s stock.

Roku Stock Up 1.2 %

ROKU opened at $95.80 on Monday. The company has a 50 day moving average of $92.58 and a 200 day moving average of $83.69. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84.

Roku Company Profile

(Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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