Cwm LLC Acquires 5,551 Shares of Roku, Inc. $ROKU

Key Points

• Cwm LLC significantly increased its stake in Roku, acquiring an additional 5,551 shares, bringing its total ownership to 18,860 shares, valued at approximately $1.66 million.
• Several brokerages have issued positive ratings for Roku, with updated target prices as high as $116, reflecting analyst confidence in the stock's potential upside.
• Insider selling was noted, with CEO Anthony J. Wood selling 25,000 shares for over $2.35 million, while CFO Dan Jedda sold 3,000 shares as well, indicating potential profit-taking by company leadership.

Cwm LLC raised its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 41.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,860 shares of the company's stock after acquiring an additional 5,551 shares during the period. Cwm LLC's holdings in Roku were worth $1,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Garde Capital Inc. bought a new position in shares of Roku in the first quarter worth approximately $25,000. Beaird Harris Wealth Management LLC purchased a new position in Roku in the 1st quarter worth approximately $30,000. Banque Transatlantique SA bought a new position in shares of Roku in the 1st quarter worth $28,000. Golden State Wealth Management LLC increased 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 buying an additional 247 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Roku by 327.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company's stock valued at $40,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROKU. KeyCorp upped their target price on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a report on Sunday. Wells Fargo & Company raised their price objective on Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Roku in a research report on Monday, July 28th. Finally, Rosenblatt Securities increased their price target on shares of Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $94.01, for a total transaction of $2,350,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $95.82, for a total value of $287,460.00. Following the transaction, the chief financial officer owned 80,420 shares in the company, valued at approximately $7,705,844.40. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,331 shares of company stock worth $32,640,556. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

ROKU opened at $94.21 on Monday. The stock's 50 day simple moving average is $96.01 and its 200 day simple moving average is $82.70. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of -224.31, a PEG ratio of 11.11 and a beta of 2.13. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $107.25.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data 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 return on equity of 2.44% and a negative net margin of 1.40%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The business'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. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

About Roku

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.