Roku, Inc. (NASDAQ:ROKU) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,508 shares of the company’s stock after selling 3,628 shares during the period. Atria Wealth Solutions Inc.’s holdings in Roku were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings 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 acquiring an additional 222 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Roku by 8,030.0% during the third quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock worth $8,122,000 after purchasing an additional 107,442 shares in the last quarter. PFG Investments LLC raised its stake in Roku by 3.7% in the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after purchasing an additional 150 shares during the last quarter. US Bancorp DE lifted its holdings in Roku by 15.7% in the 3rd quarter. US Bancorp DE now owns 3,090 shares of the company’s stock valued at $231,000 after purchasing an additional 420 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Roku by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,806 shares of the company’s stock worth $657,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Down 0.2 %

NASDAQ:ROKU opened at $85.57 on Thursday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock’s fifty day moving average is $81.88 and its two-hundred day moving average is $75.77. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of -96.15 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on ROKU. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Citigroup lifted their price objective on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, UBS Group boosted their price objective on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average target price of $96.00.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is currently owned by corporate insiders.

About Roku

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.