Janney Montgomery Scott LLC Purchases Shares of 18,197 Roku, Inc. (NASDAQ:ROKU)

Janney Montgomery Scott LLC acquired a new position in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 18,197 shares of the company’s stock, valued at approximately $1,353,000.

Other hedge funds have also recently made changes to their positions in the company. Raelipskie Partnership bought a new stake in shares of Roku during the third quarter valued at approximately $32,000. Future Financial Wealth Managment LLC bought a new position in shares of Roku in the 3rd quarter worth about $43,000. GS Investments Inc. lifted its position in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the period. Venturi Wealth Management LLC boosted its stake in Roku by 50.6% during the third quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock worth $74,000 after acquiring an additional 333 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Roku by 900.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,000 shares of the company’s stock worth $75,000 after purchasing an additional 900 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of Roku stock opened at $80.16 on Wednesday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $99.80. The firm’s 50-day simple moving average is $78.97 and its 200-day simple moving average is $72.36. The firm has a market cap of $11.64 billion, a PE ratio of -66.80 and a beta of 2.05.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROKU. JPMorgan Chase & Co. raised their price objective on Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. JMP Securities reissued a “market outperform” rating and set a $95.00 price objective on shares of Roku in a research report on Monday. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Rosenblatt Securities increased their price target on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Piper Sandler boosted their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.18.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the transaction, the chief accounting officer now directly owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,885 shares of company stock valued at $5,712,912 in the last quarter. Corporate insiders own 13.98% of the company’s stock.

About Roku

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.