Roku, Inc. $ROKU Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. trimmed its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 88.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,557 shares of the company’s stock after selling 11,675 shares during the period. Centaurus Financial Inc.’s holdings in Roku were worth $147,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in shares of Roku during the 4th quarter valued at approximately $1,345,000. Moran Wealth Management LLC acquired a new stake in shares of Roku in the 1st quarter worth approximately $2,990,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of Roku in the 4th quarter worth approximately $2,398,000. Katamaran Capital LLP increased its stake in Roku by 90.8% in the 1st quarter. Katamaran Capital LLP now owns 52,548 shares of the company’s stock valued at $4,972,000 after purchasing an additional 25,002 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Roku by 14.8% in the 1st quarter. California Public Employees Retirement System now owns 260,774 shares of the company’s stock valued at $24,674,000 after purchasing an additional 33,593 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $145.84 on Tuesday. The business’s fifty day moving average price is $136.86 and its two-hundred day moving average price is $115.13. The stock has a market cap of $21.50 billion, a PE ratio of 109.65 and a beta of 2.01. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88.

Analyst Ratings Changes

A number of analysts have commented on the company. Piper Sandler downgraded Roku from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, June 16th. UBS Group set a $160.00 price target on Roku in a research report on Monday, June 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $160.00 price target (up from $150.00) on shares of Roku in a research note on Tuesday, June 16th. Wolfe Research downgraded Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Finally, Seaport Research Partners set a $155.00 price objective on shares of Roku in a research report on Tuesday, June 16th. Ten analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $155.12.

Insiders Place Their Bets

In related news, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the completion of the transaction, the director owned 9,629 shares of the company’s stock, valued at approximately $1,354,318.85. The trade was a 17.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the transaction, the insider owned 19,185 shares in the company, valued at approximately $2,762,640. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 203,643 shares of company stock valued at $26,492,192. Insiders own 13.45% of the company’s stock.

Roku Company Profile

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.