Moore Capital Management LP Purchases 44,975 Shares of Roku, Inc. $ROKU

Moore Capital Management LP raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 56.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,975 shares of the company’s stock after purchasing an additional 44,975 shares during the period. Moore Capital Management LP owned approximately 0.08% of Roku worth $12,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ROKU. Westfuller Advisors LLC bought a new position in Roku during the third quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in Roku during the 3rd quarter valued at $33,000. Rakuten Securities Inc. lifted its holdings in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after buying an additional 158 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Roku by 20,450.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock worth $41,000 after buying an additional 409 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Roku by 32.1% in the 3rd quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $56,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Up 3.9%

NASDAQ ROKU opened at $95.18 on Tuesday. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The business has a 50-day moving average price of $97.65 and a 200-day moving average price of $99.74. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 166.99 and a beta of 1.98.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. Roku had a return on equity of 3.40% and a net margin of 1.87%.The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the firm earned ($0.24) EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ROKU. Pivotal Research increased their target price on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, February 16th. Morgan Stanley set a $135.00 price objective on shares of Roku and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Wells Fargo & Company raised their price objective on shares of Roku from $116.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on shares of Roku from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, Piper Sandler reiterated an “overweight” rating and set a $140.00 price target (up from $135.00) on shares of Roku in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $88.88, for a total transaction of $266,640.00. Following the completion of the transaction, the chief financial officer owned 84,267 shares in the company, valued at $7,489,650.96. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $96.48, for a total value of $192,960.00. Following the completion of the sale, the director owned 7,782 shares in the company, valued at $750,807.36. This represents a 20.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 198,124 shares of company stock valued at $20,020,428 in the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Roku 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.