Diversified Trust Co Raises Stake in Roku, Inc. $ROKU

Key Points

• Diversified Trust Co increased its stake in Roku, Inc. by 73.6%, owning a total of 20,548 shares valued at approximately $1.8 million as of the latest reporting period.
• CEO Anthony J. Wood and CFO Dan Jedda recently sold significant amounts of stock, with insiders collectively selling over 417,000 shares valued at nearly $40 million in the past three months.
• Several analysts have raised their price targets for Roku shares, with Susquehanna setting a new target of $110, reflecting a generally positive outlook on the company’s stock.

Diversified Trust Co boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 73.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,548 shares of the company's stock after purchasing an additional 8,710 shares during the quarter. Diversified Trust Co's holdings in Roku were worth $1,806,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ROKU. Berkshire Capital Holdings Inc. boosted its stake 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 valued at $9,957,000 after purchasing an additional 141,340 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Roku during the first quarter worth $6,026,000. Atika Capital Management LLC acquired a new stake in shares of Roku during the first quarter worth $5,086,000. Lecap Asset Management Ltd. acquired a new position in Roku in the first quarter valued at about $511,000. Finally, Siemens Fonds Invest GmbH acquired a new position in Roku in the fourth quarter valued at about $1,681,000. Institutional investors own 86.30% of the company's stock.

Insider Buying and Selling

In related news, CAO Matthew C. Banks sold 3,360 shares of Roku stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the completion of the transaction, the chief accounting officer owned 5,195 shares in the company, valued at $441,834.75. The trade was a 39.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. This trade 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 sold 417,025 shares of company stock worth $39,662,358. Corporate insiders own 13.98% of the company's stock.

Roku Stock Down 2.7%

NASDAQ:ROKU traded down $2.73 during mid-day trading on Monday, hitting $99.05. 3,564,320 shares of the company traded hands, compared to its average volume of 3,931,371. The stock's fifty day moving average price is $92.00 and its 200-day moving average price is $79.00. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of -235.83, a price-to-earnings-growth ratio of 14.25 and a beta of 2.05.

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 analysts' consensus estimates of ($0.16) by $0.23. The firm 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 quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. KeyCorp upped their target price on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Citigroup upped their target price on Roku from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday. Guggenheim upped 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, Piper Sandler increased their price target on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $101.33.

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.