Roku, Inc. $ROKU Shares Purchased by Ardmore Road Asset Management LP

Key Points

• Ardmore Road Asset Management LP increased its stake in Roku, Inc. by 170.7%, now owning 525,000 shares valued at approximately $36.98 million.
• Insider selling has occurred, with CEO Anthony J. Wood and insider Charles Collier significantly reducing their stakes, indicating a 99.91% and 67.65% decrease in the number of shares held, respectively.
• Roku reported earnings of $0.07 per share for the last quarter, surpassing expectations and achieving a 14.7% increase in revenue year-over-year.

Ardmore Road Asset Management LP boosted its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 170.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 525,000 shares of the company's stock after purchasing an additional 331,024 shares during the quarter. Roku comprises approximately 3.7% of Ardmore Road Asset Management LP's investment portfolio, making the stock its 8th largest position. Ardmore Road Asset Management LP owned about 0.36% of Roku worth $36,981,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ROKU. Cadian Capital Management LP acquired a new position in Roku in the 4th quarter valued at $87,632,000. Jacobs Levy Equity Management Inc. raised its stake in Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after purchasing an additional 1,082,548 shares during the last quarter. Two Sigma Investments LP raised its stake in Roku by 149.8% in the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock valued at $90,017,000 after purchasing an additional 726,077 shares during the last quarter. Tremblant Capital Group acquired a new position in Roku in the 4th quarter valued at $43,220,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Roku by 38,431.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company's stock valued at $34,470,000 after purchasing an additional 488,083 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Charles Collier sold 212,559 shares of the stock in a transaction on 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 transaction, the insider directly owned 200 shares in the company, valued at approximately $19,000. This represents a 99.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the transaction, the chief executive officer owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 325,502 shares of company stock valued at $29,790,946. 13.98% of the stock is owned by company insiders.

Analyst Ratings Changes

ROKU has been the subject of several recent research reports. Citigroup reissued an "outperform" rating on shares of Roku in a research note on Monday. KeyCorp upped their target price on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Roku in a report on Monday, July 28th. Bank of America upped their target price on Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, Piper Sandler upped their target price on Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

Roku Trading Down 1.0%

NASDAQ ROKU opened at $96.56 on Friday. The stock has a market cap of $14.23 billion, a PE ratio of -229.90, a P/E/G ratio of 13.65 and a beta of 2.05. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $104.96. The stock has a fifty day simple moving average of $88.92 and a 200-day simple moving average of $78.15.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly 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 business had revenue of $1.11 billion during 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 company's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

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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