Dynamic Technology Lab Private Ltd Has $1.42 Million Position in Roku, Inc. (NASDAQ:ROKU)

Dynamic Technology Lab Private Ltd trimmed its holdings in Roku, Inc. (NASDAQ:ROKU) by 23.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,067 shares of the company’s stock after selling 5,777 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Roku were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ROKU. Future Financial Wealth Managment LLC acquired a new position in Roku in the third quarter valued at approximately $43,000. GS Investments Inc. grew its position in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Cedar Wealth Management LLC acquired a new position in shares of Roku during the 2nd quarter valued at $48,000. Finally, Versant Capital Management Inc boosted its stake in Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after acquiring an additional 798 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the sale, the insider now directly owns 3,790 shares in the company, valued at $269,620.60. This represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,240 shares of company stock valued at $6,729,582. 13.98% of the stock is owned by company insiders.

Roku Price Performance

Shares of Roku stock opened at $66.31 on Wednesday. The firm has a market cap of $9.63 billion, a PE ratio of -55.26 and a beta of 2.07. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The stock has a fifty day moving average price of $74.33 and a 200-day moving average price of $65.19.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.33) earnings per share. As a group, equities analysts anticipate that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Thursday, October 31st. UBS Group assumed coverage on Roku in a report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price target on the stock. Macquarie reissued an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Finally, Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.14.

Roku Company 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.