Atika Capital Management LLC Makes New Investment in Roku, Inc. $ROKU

Key Points

• Atika Capital Management LLC has made a new investment in Roku, acquiring 72,200 shares valued at approximately $5,086,000.
• Roku's stock is currently rated as a "Moderate Buy" with a consensus target price of $98.96, following multiple price target updates from analysts.
• Insider activity shows CEO Anthony J. Wood sold 25,000 shares for over $2.24 million, reducing his ownership significantly, while corporate insiders have sold a total of 340,233 shares in the last ninety days.

Atika Capital Management LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 72,200 shares of the company's stock, valued at approximately $5,086,000.

A number of other institutional investors have also recently bought and sold shares of ROKU. Cadian Capital Management LP purchased a new position in shares of Roku during the 4th quarter valued at $87,632,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Roku by 505.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after acquiring an additional 1,082,548 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Roku by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock valued at $90,017,000 after acquiring an additional 726,077 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Roku by 214.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company's stock valued at $64,302,000 after acquiring an additional 589,610 shares in the last quarter. Finally, Tremblant Capital Group purchased a new position in shares of Roku during the 4th quarter valued at $43,220,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on ROKU shares. Guggenheim boosted their price target on shares of Roku from $100.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 1st. Piper Sandler boosted their price target on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Evercore ISI decreased their price objective on shares of Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Susquehanna upped their price objective on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Finally, Rosenblatt Securities upped their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and an average target price of $98.96.

Roku Stock Performance

Shares of ROKU opened at $88.47 on Thursday. The company has a 50-day simple moving average of $86.78 and a 200-day simple moving average of $77.53. The firm has a market capitalization of $13.03 billion, a P/E ratio of -210.64, a P/E/G ratio of 12.43 and a beta of 2.05. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96.

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

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the completion of the transaction, the chief executive officer owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew C. Banks sold 3,360 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the transaction, the chief accounting officer directly owned 5,195 shares of the company's stock, valued at $441,834.75. This represents a 39.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,233 shares of company stock worth $30,690,391 over the last ninety days. Corporate insiders own 13.98% of the company's stock.

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.

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