CacheTech Inc. Makes New Investment in Roku, Inc. $ROKU

Key Points

• CacheTech Inc. invested approximately $239,000 in Roku, Inc. by acquiring 3,375 shares during the 1st quarter.
• CEO Anthony J. Wood and insider Charles Collier had significant stock sales, with Wood selling 25,000 shares and Collier selling 212,559 shares, resulting in a dramatic decrease in their ownership stakes.
• Analysts are optimistic about Roku, with multiple firms raising their price targets, reflecting a consensus rating of "Moderate Buy" and an average price target of $98.96.

CacheTech Inc. bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,375 shares of the company's stock, valued at approximately $239,000.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Roku during the 4th quarter valued at approximately $2,950,000. Guggenheim Capital LLC grew its holdings in shares of Roku by 108.1% during the 4th quarter. Guggenheim Capital LLC now owns 14,475 shares of the company's stock valued at $1,076,000 after purchasing an additional 7,518 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Roku by 278.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,041 shares of the company's stock valued at $2,085,000 after purchasing an additional 20,623 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Roku by 6.4% during the 4th quarter. Stifel Financial Corp now owns 27,048 shares of the company's stock valued at $2,011,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Roku by 7.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,071 shares of the company's stock valued at $6,325,000 after purchasing an additional 5,809 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $100.00 in a report on Tuesday, June 17th. Rosenblatt Securities boosted their target price on shares of Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Susquehanna boosted their target price 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, Citigroup reissued a "neutral" rating and set a $84.00 target price (up from $68.00) on shares of Roku in a report on Wednesday, June 18th. Two 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $98.96.

Insider Activity at Roku

In related news, CAO Matthew C. Banks sold 3,360 shares of the stock in a transaction on 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 212,559 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the transaction, the insider directly owned 200 shares in the company, valued at approximately $19,000. This represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 337,233 shares of company stock valued at $30,423,181 in the last ninety days. Insiders own 13.98% of the company's stock.

Roku Trading Down 3.8%

Shares of NASDAQ:ROKU traded down $3.53 during trading on Tuesday, reaching $88.80. The stock had a trading volume of 3,428,635 shares, compared to its average volume of 4,640,310. The firm's fifty day moving average is $86.62 and its 200 day moving average is $77.45. 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 issued its earnings results 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 analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

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.