Katamaran Capital LLP Purchases Shares of 27,546 Roku, Inc. $ROKU

Katamaran Capital LLP purchased a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,546 shares of the company’s stock, valued at approximately $2,988,000. Roku accounts for about 2.3% of Katamaran Capital LLP’s investment portfolio, making the stock its 20th largest holding.

Several other large investors have also recently bought and sold shares of ROKU. Blue Trust Inc. lifted its holdings in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Roku during the 4th quarter worth $26,000. WPG Advisers LLC bought a new stake in shares of Roku during the 4th quarter worth $31,000. Westfuller Advisors LLC bought a new stake in shares of Roku during the 3rd quarter worth $30,000. Finally, Root Financial Partners LLC bought a new stake in shares of Roku during the 3rd quarter worth $33,000. 86.30% of the stock is owned by institutional investors.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku said CFO and COO Dan Jedda will speak at two upcoming industry conferences on May 12 and May 13, which can help keep investor attention on the company and give management a platform to discuss strategy and growth. Roku Chief Financial Officer to Present at Upcoming Conferences
• Neutral Sentiment: Several insider sale reports were published this week, including stock sales by a director and other executives, but these filings are routine disclosures and do not necessarily signal a change in business fundamentals. Roku (NASDAQ:ROKU) Director Sells $244,220.00 in Stock
• Negative Sentiment: News reports alleged that Roku and TCL software updates have “bricked” some TVs, which could raise concerns about product quality, customer trust, and potential legal or repair costs if the claims gain traction. Lawsuit accuses Roku, TCL of ‘bricking’ TVs with defective software updates

Insider Buying and Selling at Roku

In other Roku news, insider Charles Collier sold 205,821 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider owned 11,131 shares in the company, valued at approximately $1,168,755. The trade was a 94.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 15,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the completion of the transaction, the chief financial officer owned 85,115 shares in the company, valued at $8,020,386.45. The trade was a 14.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 663,038 shares of company stock worth $70,956,545 in the last 90 days. 13.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROKU. Susquehanna lifted their price objective on shares of Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, May 1st. Guggenheim lifted their price objective on shares of Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their price objective on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. KeyCorp lifted their price objective on shares of Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Roku in a report on Friday, February 13th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.17.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $129.53 on Monday. The stock has a market cap of $19.10 billion, a PE ratio of 97.39 and a beta of 2.04. The company’s fifty day moving average is $102.76 and its 200 day moving average is $101.52. Roku, Inc. has a 52 week low of $60.43 and a 52 week high of $130.72.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The company 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 firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) EPS. Sell-side analysts anticipate that Roku, Inc. will post 2.41 EPS for the current year.

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.