8,818 Shares in Roku, Inc. $ROKU Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. bought a new position in Roku, Inc. (NASDAQ:ROKU) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,818 shares of the company’s stock, valued at approximately $834,000.

Other hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. grew its stake in shares of Roku by 6.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock valued at $144,000 after purchasing an additional 93 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Roku by 1.5% in the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after purchasing an additional 96 shares during the period. Quantum Portfolio Management LLC boosted its holdings in shares of Roku by 2.6% in the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after buying an additional 105 shares during the last quarter. HB Wealth Management LLC raised its holdings in Roku by 3.7% in the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after purchasing an additional 122 shares during the period. Finally, Quarry LP raised its holdings in Roku by 21.7% in the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after purchasing an additional 123 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the completion of the transaction, the insider owned 50,863 shares in the company, valued at approximately $6,384,323.76. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $124.23, for a total value of $2,551,435.74. Following the transaction, the insider directly owned 7,700 shares of the company’s stock, valued at approximately $956,571. The trade was a 72.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 236,499 shares of company stock valued at $30,582,963 over the last quarter. Insiders own 13.45% of the company’s stock.

Roku Stock Performance

Shares of Roku stock opened at $144.43 on Friday. The company has a market capitalization of $21.29 billion, a PE ratio of 108.59 and a beta of 2.01. The company has a 50-day simple moving average of $132.72 and a two-hundred day simple moving average of $112.54. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the business earned ($0.19) EPS. On average, equities analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Rosenblatt Securities boosted their price target on Roku from $150.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 target price (up from $150.00) on shares of Roku in a research report on Tuesday, June 16th. Susquehanna cut Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Tuesday, June 16th. Jefferies Financial Group lowered shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research report on Monday, June 15th. Finally, Benchmark lifted their target price on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $155.12.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.