On August 29, 2023 at 09:53:05 ET an unusually large $890.00K block of Put contracts in Roku Inc – (ROKU) was sold, with a strike price of $75.00 / share, expiring in 507 day(s) (on January 17, 2025). Fintel tracks all large options trades, and the premium spent on this trade was 3.92 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in ROKU options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 831 funds or institutions reporting positions in Roku Inc -. This is a decrease of 36 owner(s) or 4.15% in the last quarter. Average portfolio weight of all funds dedicated to ROKU is 0.21%, an increase of 2.72%. Total shares owned by institutions increased in the last three months by 0.80% to 113,314K shares. The put/call ratio of ROKU is 0.87, indicating a bullish outlook.
Analyst Price Forecast Suggests 2.70% Upside
As of August 2, 2023, the average one-year price target for Roku Inc – is 78.80. The forecasts range from a low of 50.50 to a high of $99.75. The average price target represents an increase of 2.70% from its latest reported closing price of 76.73.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roku Inc – is 3,324MM, an increase of 3.34%. The projected annual non-GAAP EPS is -4.13.
What are Other Shareholders Doing?
ARK Investment Management holds 11,958K shares representing 8.45% ownership of the company. In it’s prior filing, the firm reported owning 12,483K shares, representing a decrease of 4.39%. The firm decreased its portfolio allocation in ROKU by 10.33% over the last quarter.
ARKK – ARK Innovation ETF holds 9,228K shares representing 6.52% ownership of the company. In it’s prior filing, the firm reported owning 9,188K shares, representing an increase of 0.43%. The firm increased its portfolio allocation in ROKU by 12.07% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 7,359K shares representing 5.20% ownership of the company. In it’s prior filing, the firm reported owning 7,547K shares, representing a decrease of 2.55%. The firm decreased its portfolio allocation in ROKU by 1.63% over the last quarter.
Nikko Asset Management Americas holds 7,095K shares representing 5.01% ownership of the company. In it’s prior filing, the firm reported owning 7,239K shares, representing a decrease of 2.02%. The firm decreased its portfolio allocation in ROKU by 11.59% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,820K shares representing 2.70% ownership of the company. In it’s prior filing, the firm reported owning 3,793K shares, representing an increase of 0.70%. The firm decreased its portfolio allocation in ROKU by 9.72% over the last quarter.
Roku Background Information
(This description is provided by the company.)
Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators. Roku TV™ models are available in the U.S. and in select countries through licensing arrangements with TV OEM brands. Roku is headquartered in San Jose, Calif. U.S.A.
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