Roku, Inc. $ROKU Stake Decreased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Roku, Inc. by 59.9% in the second quarter, now holding 26,700 shares valued at approximately $2.35 million.
• Roku reported better-than-expected quarterly earnings, with an EPS of $0.07, exceeding estimates by $0.23, and revenue of $1.11 billion.
• Insider Charles Collier sold a significant number of shares, totaling 212,559 at an average price of $95.00, reducing his stake by 99.91%.

KLP Kapitalforvaltning AS decreased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 59.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,700 shares of the company's stock after selling 39,900 shares during the period. KLP Kapitalforvaltning AS's holdings in Roku were worth $2,347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROKU. Garde Capital Inc. bought a new stake in Roku during the first quarter worth approximately $25,000. Banque Transatlantique SA bought a new stake in Roku during the first quarter worth approximately $28,000. Beaird Harris Wealth Management LLC bought a new stake in Roku during the first quarter worth approximately $30,000. Golden State Wealth Management LLC raised its holdings in 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 purchasing an additional 247 shares in the last quarter. Finally, First PREMIER Bank bought a new stake in Roku during the first quarter worth approximately $35,000. Institutional investors own 86.30% of the company's stock.

Roku Stock Performance

NASDAQ ROKU opened at $92.02 on Friday. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $107.25. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of -219.10, a PEG ratio of 12.88 and a beta of 2.13. The firm's 50 day moving average price is $94.90 and its two-hundred day moving average price is $81.75.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $1.07 billion. During the same period in the previous year, the company posted ($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, research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roku news, insider Charles Collier sold 212,559 shares of Roku 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 directly owned 200 shares in the company, valued at approximately $19,000. The trade was a 99.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of Roku stock in a transaction that occurred 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. In the last three months, insiders have sold 518,890 shares of company stock worth $50,737,151. Corporate insiders own 13.98% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ROKU. Bank of America boosted their target price on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Roku in a report on Wednesday. Pivotal Research lifted their price target 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 lowered shares of Roku from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, JMP Securities restated a "market outperform" rating and issued a $145.00 price target on shares of Roku in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average target price of $101.33.

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.

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.