Capelight Capital Asset Management LP Purchases New Shares in Roku, Inc. $ROKU

Key Points

• Capelight purchased 40,000 shares of Roku (~$4.34M) in Q4, making Roku 3.5% of the fund's holdings and its 6th-largest position.
• Roku beat quarterly estimates, reporting $0.53 EPS vs. $0.28 expected and $1.39B revenue (+16.1% YoY), though analysts still forecast about -$0.30 EPS for the current year.
• Institutional accumulation is strong (large buys by AQR, Holocene, Duquesne and others; institutional ownership ~86%), and analysts have raised targets (some to $140) even as insiders sold roughly $39.8M of shares this quarter.

Capelight Capital Asset Management LP purchased a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,000 shares of the company's stock, valued at approximately $4,340,000. Roku comprises 3.5% of Capelight Capital Asset Management LP's holdings, making the stock its 6th biggest holding.

A number of other institutional investors have also made changes to their positions in ROKU. AQR Capital Management LLC raised its holdings in Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company's stock worth $258,897,000 after purchasing an additional 1,897,407 shares during the last quarter. Holocene Advisors LP raised its holdings in Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company's stock worth $165,259,000 after purchasing an additional 1,285,585 shares during the last quarter. Duquesne Family Office LLC raised its holdings in Roku by 123.0% during the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company's stock worth $96,723,000 after purchasing an additional 606,900 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Roku by 172.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 931,653 shares of the company's stock worth $101,075,000 after purchasing an additional 590,286 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Roku during the 3rd quarter worth about $55,660,000. 86.30% of the stock is owned by institutional investors.

Roku Price Performance

Shares of ROKU stock opened at $106.54 on Wednesday. The stock has a market cap of $15.71 billion, a PE ratio of 186.92 and a beta of 2.00. The stock has a 50-day moving average of $94.17 and a 200-day moving average of $99.62. Roku, Inc. has a one year low of $57.01 and a one year high of $116.66.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.25. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.Roku's revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) EPS. As a group, research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Jefferies raised its price target to $140 and kept a Buy rating, citing improving ad trends and a stronger revenue mix — a clear analyst endorsement that supports upside expectations. Jefferies raise
• Positive Sentiment: New content and product moves (exclusive sports streaming rights like the Banana Ball Championship League, a Laguna Beach reunion special, and Roku City screensaver upgrades) bolster engagement and ad inventory prospects, reinforcing the narrative of accelerating platform monetization. Valuation & content article
• Positive Sentiment: Analyst pieces comparing Roku favorably to Alphabet on CTV ad growth and valuation have circulated, positioning ROKU as the more attractive pure-play CTV ad exposure for some investors. Roku vs Alphabet article
• Positive Sentiment: Unusual options activity: about 22,993 call contracts were bought (roughly +69% vs. normal daily volume), suggesting short-term bullish positioning from traders/speculators ahead of catalysts. No link
• Neutral Sentiment: Roku scheduled Q1 2026 earnings release and call for April 30 — a key near-term catalyst that could validate the bullish thesis or rein in expectations depending on ad revenue and margin details. Earnings date
• Negative Sentiment: CEO Anthony Wood sold 50,000 shares under a pre-arranged Rule 10b5-1 plan at an average $100.88 (≈$5.04M) — insider selling can be viewed negatively by some investors despite the trade being pre-arranged. SEC Form 4
• Negative Sentiment: Additional insider dispositions totaling roughly $21.6M were reported this week, which may raise concern about insider liquidity/timing even if not tied to company fundamentals. Insider sales article

Insider Buying and Selling

In other news, CFO Dan Jedda sold 15,000 shares of the company's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $94.23, for a total value of $1,413,450.00. Following the completion of the sale, the chief financial officer directly owned 85,115 shares of the company's stock, valued at $8,020,386.45. This represents a 14.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 205,821 shares of the company's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the completion of the sale, the insider directly owned 11,131 shares of the company's stock, valued at approximately $1,168,755. This trade represents a 94.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 393,944 shares of company stock worth $39,831,865 over the last quarter. Insiders own 13.98% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Moffett Nathanson reissued a "neutral" rating and set a $100.00 price objective on shares of Roku in a report on Friday, February 13th. Benchmark reissued a "buy" rating on shares of Roku in a report on Wednesday, February 4th. Wedbush boosted their price objective on Roku from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. Citigroup reissued a "market outperform" rating on shares of Roku in a report on Monday, March 2nd. Finally, Jefferies Financial Group boosted their price objective on Roku from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $127.79.

Roku Company Profile

Roku, Inc NASDAQ: ROKU is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company's platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku's product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.

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