Roku, Inc. $ROKU Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 82.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,445 shares of the company's stock after selling 61,652 shares during the period. HighTower Advisors LLC's holdings in Roku were worth $947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Roku by 2.1% in the first quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock valued at $880,753,000 after buying an additional 254,504 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Roku by 505.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after buying an additional 1,082,548 shares in the last quarter. Two Sigma Investments LP raised its stake in Roku by 149.8% in the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock valued at $90,017,000 after buying an additional 726,077 shares in the last quarter. Cadian Capital Management LP acquired a new stake in Roku in the fourth quarter valued at $87,632,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Roku by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock valued at $72,436,000 after buying an additional 37,465 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku 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. The trade was a 67.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the sale, the chief financial officer directly owned 76,132 shares in the company, valued at $6,867,106.40. This represents a 3.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 325,502 shares of company stock worth $29,790,946. Corporate insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Pivotal Research raised their price objective on Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup reaffirmed an "outperform" rating on shares of Roku in a report on Monday. KeyCorp raised their price objective on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Guggenheim raised their price objective on Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.96.

Roku Stock Up 0.6%

NASDAQ ROKU opened at $96.18 on Thursday. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96. The business's 50-day moving average price is $88.28 and its 200 day moving average price is $77.97. The firm has a market cap of $14.17 billion, a P/E ratio of -229.00, a P/E/G ratio of 13.38 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results 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 return on equity of 2.44% and a negative net margin of 1.40%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted ($0.18) earnings per share. The business's revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

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.

Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.