Engineers Gate Manager LP Has $27.47 Million Position in Roku, Inc. $ROKU

Engineers Gate Manager LP raised its position in shares of Roku, Inc. (NASDAQ:ROKU) by 931.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 253,191 shares of the company’s stock after acquiring an additional 228,648 shares during the period. Engineers Gate Manager LP’s holdings in Roku were worth $27,469,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares during the period. Thoroughbred Financial Services LLC raised its stake in Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares during the period. Quarry LP raised its stake in Roku by 21.7% during the 4th quarter. Quarry LP now owns 689 shares of the company’s stock valued at $75,000 after purchasing an additional 123 shares during the period. Swiss Life Asset Management Ltd raised its stake in Roku by 2.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock valued at $648,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Roku by 3.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock valued at $398,000 after purchasing an additional 135 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Seaport Research Partners set a $155.00 target price on shares of Roku in a research note on Tuesday. Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Monday. Benchmark boosted their target price on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Robert W. Baird reissued a “neutral” rating and set a $160.00 target price on shares of Roku in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $153.71.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $143.87, for a total value of $1,007,090.00. Following the completion of the sale, the chief financial officer directly owned 79,963 shares in the company, valued at approximately $11,504,276.81. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 20,537 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $124.94, for a total transaction of $2,565,892.78. Following the completion of the sale, the insider owned 15,200 shares of the company’s stock, valued at $1,899,088. This represents a 57.47% 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. Insiders sold a total of 713,194 shares of company stock valued at $81,763,589 in the last three months. 13.45% of the stock is currently owned by company insiders.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Fox’s agreement to acquire Roku for about $22 billion has become the dominant catalyst, lifting Roku’s perceived strategic value and fueling takeover interest. Fox to buy Roku in $22 billion deal
• Positive Sentiment: Several Wall Street firms raised or reiterated bullish price targets on Roku (ROKU), including targets around $160, reinforcing optimism that the stock could hold up well around the deal valuation. Analyst updates on Roku
• Positive Sentiment: Roku’s Smartly partnership expands its connected-TV ad tools, potentially making the platform more attractive to advertisers and supporting long-term ad revenue growth. Roku partners with Smartly
• Neutral Sentiment: Law firms are investigating whether the Fox deal fairly values Roku shareholders, which adds uncertainty but does not alter the transaction yet. Fairness investigation into Roku sale
• Negative Sentiment: Roku CFO Dan Jedda sold 7,000 shares under a pre-arranged trading plan, which may modestly weigh on sentiment despite being routine insider activity. Roku insider sale
• Negative Sentiment: Evercore downgraded Roku (ROKU) from strong-buy to hold, suggesting some analysts see less upside after the takeover-driven rerating. Evercore downgrade

Roku Trading Down 0.5%

Shares of NASDAQ:ROKU opened at $137.29 on Thursday. The stock has a market capitalization of $20.24 billion, a PE ratio of 103.23 and a beta of 2.06. Roku, Inc. has a 1 year low of $77.64 and a 1 year high of $148.88. The firm has a fifty day moving average price of $121.19 and a 200 day moving average price of $107.24.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion during 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%. Roku’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) earnings per share. On average, sell-side analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

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.