RedJay Asset Management Inc. Purchases 5,000 Shares of Roku, Inc. $ROKU

Key Points

• RedJay Asset Management Inc. increased its holdings in Roku, Inc. by purchasing an additional 5,000 shares, bringing its total to 55,000 shares, which are valued at approximately $4.83 million.
• Roku's stock price fell 2.0% during trading, reaching $96.29, with analysts predicting a Moderate Buy consensus rating and a price target of $101.33.
• Insider activity included CEO Anthony J. Wood selling 25,000 shares for about $2.35 million, indicating significant insider trading around the company’s stock.

RedJay Asset Management Inc. lifted its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,000 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Roku comprises approximately 1.1% of RedJay Asset Management Inc.'s portfolio, making the stock its 15th largest holding. RedJay Asset Management Inc.'s holdings in Roku were worth $4,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its position in Roku by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company's stock worth $1,369,000 after acquiring an additional 142 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock worth $1,097,000 after acquiring an additional 160 shares in the last quarter. True Vision MN LLC grew its position in Roku by 3.3% in the second quarter. True Vision MN LLC now owns 5,544 shares of the company's stock worth $487,000 after acquiring an additional 179 shares in the last quarter. Stonekeep Investments LLC grew its position in Roku by 4.9% in the second quarter. Stonekeep Investments LLC now owns 4,084 shares of the company's stock worth $359,000 after acquiring an additional 191 shares in the last quarter. Finally, Smith Group Asset Management LLC grew its position in Roku by 2.8% in the first quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock worth $521,000 after acquiring an additional 200 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Down 2.0%

Shares of Roku stock traded down $1.99 during trading on Friday, reaching $96.29. 2,370,702 shares of the stock were exchanged, compared to its average volume of 2,700,097. The stock's fifty day moving average is $97.05 and its 200 day moving average is $83.75. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of -229.26, a price-to-earnings-growth ratio of 11.59 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 posted its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period 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. Equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $94.01, for a total value of $2,350,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew C. Banks sold 2,180 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the completion of the sale, the chief accounting officer owned 5,355 shares of the company's stock, valued at $523,986.75. This trade represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,331 shares of company stock valued at $32,640,556 in the last quarter. 13.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROKU. Citigroup upped their target price on shares of Roku from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, September 18th. Piper Sandler raised their price objective on Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $110.00 price objective on shares of Roku in a research note on Wednesday, October 1st. Guggenheim raised their price objective on Roku from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, KeyCorp raised their price objective on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and a consensus price target 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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