Roku, Inc. $ROKU Position Increased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in Roku, Inc. by 38,431.7%, acquiring a total of 489,353 shares valued at approximately $34.47 million.
• Insider transactions revealed that CFO Dan Jedda and insider Charles Collier sold 3,000 and 212,559 shares respectively, indicating substantial decreases in their ownership percentages.
• Roku reported better-than-expected earnings, with a 14.7% year-over-year increase in revenue, resulting in an EPS of $0.07, above the consensus estimate of ($0.16).

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 38,431.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 489,353 shares of the company's stock after buying an additional 488,083 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.34% of Roku worth $34,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Advisor Group LLC lifted its holdings in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after purchasing an additional 130 shares during the last quarter. Smith Group Asset Management LLC increased 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 buying an additional 200 shares during the period. Neuberger Berman Group LLC lifted its stake in 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 buying an additional 208 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in 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 buying an additional 247 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Roku by 95.5% during 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 during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.07, for a total transaction of $267,210.00. Following the transaction, the chief financial officer directly owned 73,132 shares of the company's stock, valued at $6,513,867.24. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 212,559 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the completion of the sale, the insider owned 200 shares in the company, valued at approximately $19,000. This trade represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,233 shares of company stock worth $30,690,391 over the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

Roku Price Performance

Roku stock opened at $94.22 on Monday. The firm has a 50 day simple moving average of $87.45 and a 200-day simple moving average of $77.66. The stock has a market capitalization of $13.88 billion, a PE ratio of -224.33, a price-to-earnings-growth ratio of 13.19 and a beta of 2.05. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROKU. Piper Sandler increased their price objective on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Bank of America upped their target price on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. JMP Securities raised their price target on shares of Roku from $95.00 to $110.00 and gave the company a "market outperform" rating in a research note on Monday, July 21st. Susquehanna lifted their price target on Roku from $85.00 to $110.00 and gave the company a "positive" rating in a report on Friday, August 1st. Finally, Guggenheim boosted their price objective on Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Roku presently has an average rating of "Moderate Buy" and an average price target of $98.96.

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.

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