Dakota Wealth Management Boosts Stock Position in Roku, Inc. $ROKU

Key Points

• Dakota Wealth Management increased its stake in Roku, Inc. by 31% during the second quarter, owning a total of 40,314 shares valued at approximately $3.54 million.
• Insider sales included Charles Collier selling 10,269 shares and CEO Anthony J. Wood selling 25,000 shares, indicating significant insider activity within the company.
• Roku's stock price reached $98.01 recently, and analysts project a consensus target price of $101.33, reflecting optimism about the company's future growth.

Dakota Wealth Management lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 31.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,314 shares of the company's stock after acquiring an additional 9,531 shares during the quarter. Dakota Wealth Management's holdings in Roku were worth $3,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. Berkshire Capital Holdings Inc. boosted its position in shares of Roku by 1,413,400.0% in the first quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company's stock worth $9,957,000 after purchasing an additional 141,340 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Roku in the 1st quarter worth $6,026,000. Atika Capital Management LLC purchased a new stake in Roku in the 1st quarter worth $5,086,000. Lecap Asset Management Ltd. bought a new stake in Roku during the first quarter valued at about $511,000. Finally, Blair William & Co. IL raised its holdings in Roku by 14.7% during the first quarter. Blair William & Co. IL now owns 45,727 shares of the company's stock valued at $3,221,000 after acquiring an additional 5,869 shares during the period. Institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other news, insider Charles Collier sold 10,269 shares of Roku stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $99.14, for a total value of $1,018,068.66. Following the completion of the transaction, the insider owned 200 shares in the company, valued at approximately $19,828. The trade was a 98.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 417,025 shares of company stock worth $39,662,358. 13.98% of the stock is currently owned by company insiders.

Roku Stock Performance

ROKU stock opened at $98.01 on Friday. The firm has a fifty day moving average price of $92.66 and a 200 day moving average price of $79.61. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $104.96. The firm has a market cap of $14.44 billion, a PE ratio of -233.36, a price-to-earnings-growth ratio of 13.75 and a beta of 2.05.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Needham & Company LLC increased their price objective on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 1st. Guggenheim boosted their target price on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Susquehanna upped their target price on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Roku has an average rating of "Moderate Buy" and a consensus target price of $101.33.

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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