Alyeska Investment Group L.P. Makes New $302,000 Investment in Roku, Inc. $ROKU

Key Points

• Alyeska Investment Group L.P. has acquired a new position in Roku, purchasing 4,281 shares valued at approximately $302,000 in the 1st quarter.
• Institutional investors collectively own 86.30% of Roku's stock, indicating significant confidence in the company's performance.
• Roku CEO Anthony J. Wood sold 25,000 shares at an average price of $82.42, resulting in a 60.33% decrease in his ownership, while insiders sold a total of 343,588 shares recently.

Alyeska Investment Group L.P. bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,281 shares of the company's stock, valued at approximately $302,000.

Several other institutional investors have also added to or reduced their stakes in ROKU. Garde Capital Inc. purchased a new stake in Roku during the 1st quarter valued at $25,000. Golden State Wealth Management LLC boosted its stake in shares of Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Roku in the 1st quarter worth $35,000. First PREMIER Bank purchased a new position in shares of Roku in the 1st quarter worth $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Roku in the 4th quarter worth $41,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $89.64, for a total value of $2,241,000.00. Following the transaction, the chief executive officer directly owned 11,953 shares in the company, valued at approximately $1,071,466.92. The trade was a 67.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew C. Banks sold 3,360 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.05, for a total transaction of $285,768.00. Following the transaction, the chief accounting officer owned 5,195 shares in the company, valued at approximately $441,834.75. This trade represents a 39.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 318,588 shares of company stock worth $29,753,228. 13.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROKU. Guggenheim lifted their target price on Roku from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Needham & Company LLC lifted their target price on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Bank of America boosted their price objective on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Susquehanna boosted their price objective on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Finally, Rosenblatt Securities upped their target price on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Roku Stock Down 2.5%

Shares of ROKU stock traded down $2.53 during mid-day trading on Tuesday, hitting $96.86. 3,444,593 shares of the stock were exchanged, compared to its average volume of 3,947,403. The firm has a fifty day moving average of $90.38 and a 200 day moving average of $78.15. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96. The company has a market cap of $14.27 billion, a PE ratio of -230.62, a price-to-earnings-growth ratio of 13.33 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted ($0.18) EPS. Roku's quarterly revenue was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Roku 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.