Perbak Capital Partners LLP Invests $259,000 in Roku, Inc. $ROKU

Key Points

• Perbak Capital Partners LLP has acquired a new stake in Roku, purchasing 3,681 shares valued at approximately $259,000, as reported in their Form 13F filing.
• Other institutional investors, including Berkshire Capital Holdings Inc., have significantly increased their stakes in Roku, demonstrating strong interest as institutional ownership now totals 86.30% of the company.
• Roku recently improved its quarterly earnings, reporting $1.11 billion in revenue and earnings per share of $0.07, exceeding analysts' expectations and marking a 14.7% increase from the previous year.

Perbak Capital Partners LLP purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,681 shares of the company's stock, valued at approximately $259,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Garde Capital Inc. purchased a new position in shares of Roku in the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC boosted its stake 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. Princeton Global Asset Management LLC purchased a new position in shares of Roku in the 1st quarter worth approximately $35,000. First PREMIER Bank purchased a new position in shares of Roku in the 1st quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Roku in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Susquehanna boosted their target price on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Loop Capital upgraded 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 research note on Tuesday, June 17th. Needham & Company LLC upped their price objective on Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Citigroup reiterated an "outperform" rating on shares of Roku in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $98.96.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.42, for a total transaction of $2,060,500.00. Following the sale, the chief executive officer owned 16,441 shares in the company, valued at $1,355,067.22. This represents a 60.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charles Collier sold 10,269 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $95.00, for a total value of $975,555.00. Following the sale, the insider owned 200 shares in the company, valued at approximately $19,000. This represents a 98.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 317,692 shares of company stock worth $29,206,467. Insiders own 13.98% of the company's stock.

Roku Price Performance

Shares of NASDAQ:ROKU traded down $1.32 during trading on Thursday, hitting $97.15. 3,644,815 shares of the company were exchanged, compared to its average volume of 3,953,781. The company has a market cap of $14.31 billion, a PE ratio of -231.31, a P/E/G ratio of 13.52 and a beta of 2.05. The stock has a 50 day moving average of $89.77 and a 200 day moving average of $78.29. 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 posted 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Roku 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.