Roku, Inc. $ROKU Shares Purchased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Roku, Inc. by 456.7% during the first quarter, owning 1,905,779 shares valued at approximately $134.2 million.
• Several investment firms have upgraded Roku's stock ratings, with Bank of America raising the target price from $100 to $110 and a consensus target price of $100.36.
• Insider selling occurred recently, with CFO Dan Jedda and CEO Anthony J. Wood selling a combined 28,000 shares valued at over $2.3 million, resulting in notable decreases in their holdings.

Acadian Asset Management LLC boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 456.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,905,779 shares of the company's stock after acquiring an additional 1,563,449 shares during the period. Acadian Asset Management LLC owned 1.31% of Roku worth $134,222,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ROKU. Berkshire Capital Holdings Inc. lifted its holdings in shares of Roku by 1,413,400.0% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company's stock worth $9,957,000 after acquiring an additional 141,340 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Roku during the 1st quarter valued at about $6,026,000. Atika Capital Management LLC bought a new stake in Roku during the 1st quarter valued at about $5,086,000. Lecap Asset Management Ltd. bought a new stake in Roku during the 1st quarter valued at about $511,000. Finally, Siemens Fonds Invest GmbH bought a new stake in Roku during the 4th quarter valued at about $1,681,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ROKU shares. KeyCorp lifted their price objective on shares of Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company upped their price target on shares of Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Pivotal Research increased their price objective on shares of Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Guggenheim lifted their price objective on shares of Roku from $100.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $100.00 in a report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Roku Stock Down 1.9%

Shares of Roku stock traded down $1.87 on Friday, reaching $94.52. The stock had a trading volume of 3,831,576 shares, compared to its average volume of 3,949,663. The company has a 50 day moving average price of $91.06 and a 200 day moving average price of $78.49. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $104.96. The stock has a market capitalization of $13.93 billion, a P/E ratio of -225.05, a P/E/G ratio of 13.29 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 (EPS) for the quarter, topping 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned ($0.18) EPS. The company's quarterly revenue was up 14.7% compared to the same quarter last year. 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.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the sale, the chief executive officer owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. The trade was a 67.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mustafa Ozgen sold 50,527 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. Insiders sold 394,115 shares of company stock worth $37,305,928 in the last quarter. 13.98% of the stock is currently owned by corporate insiders.

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.