Greatmark Investment Partners Inc. Sells 2,000 Shares of Roku, Inc. (NASDAQ:ROKU)

Greatmark Investment Partners Inc. reduced its position in Roku, Inc. (NASDAQ:ROKU) by 26.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,500 shares of the company’s stock after selling 2,000 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Roku were worth $504,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Harbour Investments Inc. grew its holdings in shares of Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Roku by 0.5% in the third quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock worth $2,376,000 after purchasing an additional 173 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in Roku by 4.6% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 4,703 shares of the company’s stock valued at $431,000 after acquiring an additional 206 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in Roku by 1.0% in the third quarter. IFM Investors Pty Ltd now owns 21,745 shares of the company’s stock valued at $1,535,000 after acquiring an additional 220 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Stephen H. Kay sold 4,310 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the transaction, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,545 shares of company stock worth $4,364,035. Corporate insiders own 13.63% of the company’s stock.

Roku Stock Up 3.7 %

Shares of NASDAQ:ROKU traded up $2.07 during trading on Monday, hitting $58.42. The stock had a trading volume of 7,158,319 shares, compared to its average volume of 5,824,848. Roku, Inc. has a 12-month low of $51.62 and a 12-month high of $108.84. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of -14.54 and a beta of 1.66. The stock has a 50-day simple moving average of $62.80 and a two-hundred day simple moving average of $78.57.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The company had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same period in the previous year, the company posted ($1.38) earnings per share. Roku’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, sell-side analysts forecast that Roku, Inc. will post -2.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of several recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $65.00 price target (down previously from $81.00) on shares of Roku in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Friday. Citigroup dropped their target price on shares of Roku from $110.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Finally, Susquehanna dropped their target price on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.47.

Roku Profile

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.