Roku, Inc. $ROKU Position Increased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Roku, Inc. by 6.0%, now owning approximately 755,762 shares valued at $53,236,000.
• Several research firms have upgraded Roku's rating, with Loop Capital raising its price target from $80.00 to $100.00, reflecting increasing analyst confidence.
• Insider sales included CFO Dan Jedda selling 3,000 shares, reducing his ownership by 3.79%, as insiders have offloaded a total of 350,502 shares worth $31.67 million in the last quarter.

Northern Trust Corp grew its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 755,762 shares of the company's stock after acquiring an additional 42,926 shares during the quarter. Northern Trust Corp owned about 0.52% of Roku worth $53,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. United Advisor Group LLC lifted its position in shares of Roku by 0.9% in the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after acquiring an additional 130 shares in the last quarter. Smith Group Asset Management LLC lifted its position in shares of Roku by 2.8% in the first quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock valued at $521,000 after acquiring an additional 200 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Roku by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company's stock valued at $404,000 after acquiring an additional 208 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after acquiring an additional 247 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Roku by 95.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 569 shares of the company's stock valued at $42,000 after acquiring an additional 278 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ROKU. Loop Capital upgraded Roku from a "hold" rating to a "buy" rating and lifted their price target for the company from $80.00 to $100.00 in a report on Tuesday, June 17th. Wedbush reiterated an "outperform" rating and set a $100.00 price objective on shares of Roku in a report on Monday, July 28th. Susquehanna increased their price objective on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Rosenblatt Securities increased their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, Bank of America increased their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the transaction, the chief financial officer owned 76,132 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 3,360 shares of Roku stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the completion of the transaction, the chief accounting officer owned 5,195 shares of the company's stock, valued at approximately $441,834.75. The trade was a 39.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 350,502 shares of company stock worth $31,665,946 in the last quarter. Insiders own 13.98% of the company's stock.

Roku Trading Up 0.6%

NASDAQ ROKU traded up $0.62 during mid-day trading on Wednesday, reaching $96.18. 2,154,684 shares of the company's stock traded hands, compared to its average volume of 4,749,329. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The company has a fifty day simple moving average of $88.28 and a 200-day simple moving average of $77.97. The company has a market cap of $14.17 billion, a price-to-earnings ratio of -229.00, a P/E/G ratio of 13.38 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued 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 last year, the firm earned ($0.18) EPS. Roku's quarterly 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. Equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal 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.