Roku, Inc. $ROKU Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Roku, Inc. by 62.7%, now holding 10,456 shares valued at $737,000 after selling 17,585 shares in the first quarter.
• Roku reported a 14.7% year-over-year increase in quarterly revenue, reaching $1.11 billion, and beat earnings estimates with an EPS of $0.07.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Roku, with price target upgrades from several firms, with estimates reaching as high as $120.00.

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 62.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,456 shares of the company's stock after selling 17,585 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Roku were worth $737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. United Advisor Group LLC increased its stake in shares of Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after acquiring an additional 130 shares during the period. Smith Group Asset Management LLC increased its stake in shares of Roku by 2.8% during 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 during the period. Neuberger Berman Group LLC increased its stake in shares of Roku by 3.8% during the first quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company's stock worth $404,000 after acquiring an additional 208 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after acquiring an additional 247 shares during the period. Finally, Itau Unibanco Holding S.A. grew its position in Roku by 95.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 569 shares of the company's stock worth $42,000 after buying an additional 278 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

ROKU stock opened at $94.22 on Friday. The company's 50 day simple moving average is $87.45 and its 200-day simple moving average is $77.71. The firm has a market capitalization of $13.88 billion, a PE ratio of -224.33, a P/E/G ratio of 12.68 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. The business had revenue of $1.11 billion for 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%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent analyst reports. Pivotal Research upped their target price on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. upped their target price on shares of Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. 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. Finally, JMP Securities upped their target price on shares of Roku from $95.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $98.96.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 212,559 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the transaction, the insider owned 200 shares of the company's stock, valued at approximately $19,000. This represents a 99.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew C. Banks sold 3,360 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the transaction, the chief accounting officer directly owned 5,195 shares in the company, valued at $441,834.75. The trade was a 39.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,233 shares of company stock valued at $30,690,391 over the last three months. Company insiders own 13.98% of the company's stock.

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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