Roku, Inc. $ROKU Shares Acquired by Beck Bode LLC

Key Points

• Beck Bode LLC increased its stake in Roku, Inc. by 6.3% during the first quarter, owning a total of 193,358 shares, valued at approximately $13.6 million.
• Roku has recently received positive revisions from analysts, with target prices raised to as high as $130.00, reflecting a consensus rating of "Moderate Buy".
• Insider selling at Roku has been notable, with CAO Matthew C. Banks selling 3,360 shares and CEO Anthony J. Wood offloading 25,000 shares in recent transactions.

Beck Bode LLC lifted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,358 shares of the company's stock after purchasing an additional 11,455 shares during the period. Roku makes up 2.5% of Beck Bode LLC's investment portfolio, making the stock its 22nd largest holding. Beck Bode LLC owned 0.13% of Roku worth $13,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ROKU. Garde Capital Inc. purchased a new position in Roku in the first quarter valued at about $25,000. Golden State Wealth Management LLC grew its holdings 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 acquiring an additional 247 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Roku in the 1st quarter worth approximately $35,000. First PREMIER Bank purchased a new position in Roku in the 1st quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Roku during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Stock Performance

NASDAQ ROKU traded down $0.98 during mid-day trading on Friday, reaching $96.56. 2,678,699 shares of the stock were exchanged, compared to its average volume of 4,351,490. The stock has a market capitalization of $14.23 billion, a PE ratio of -229.90, a PEG ratio of 13.65 and a beta of 2.05. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The business's fifty day simple moving average is $88.92 and its 200 day simple moving average is $78.15.

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

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total value of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares of the company's stock, valued at approximately $6,867,106.40. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the 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 completion of the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 325,502 shares of company stock valued at $29,790,946. Corporate insiders own 13.98% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ROKU. KeyCorp upped their target price on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Pivotal Research boosted their price objective on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Loop Capital upgraded shares of Roku from a "hold" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $100.00 in a research report on Tuesday, June 17th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 price target on shares of Roku in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.96.

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.