Scientech Research LLC Acquires Shares of 16,125 Roku, Inc. $ROKU

Key Points

• Scientech Research LLC acquired a new stake in Roku, purchasing 16,125 shares valued at about $1.136 million during the first quarter of the year.
• Roku has a market capitalization of $14.03 billion and reported a 14.7% increase in revenue year-over-year, with quarterly earnings surpassing analyst expectations.
• Insider transactions include sales from both the chief accounting officer and chief financial officer, indicating a combined decrease of ownership for these officials following their recent stock sales.

Scientech Research LLC purchased a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,125 shares of the company's stock, valued at approximately $1,136,000.

Other large investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. acquired a new stake in Roku during the 1st quarter worth approximately $25,000. Beaird Harris Wealth Management LLC acquired a new stake in Roku in the first quarter valued at approximately $30,000. Banque Transatlantique SA acquired a new stake in Roku in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC grew its holdings in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after acquiring an additional 247 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Roku in the 1st quarter valued at approximately $35,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $89.64, for a total value of $2,241,000.00. Following the sale, the chief executive officer directly owned 11,953 shares in the company, valued at $1,071,466.92. The trade was a 67.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.07, for a total transaction of $267,210.00. Following the completion of the sale, the chief financial officer directly owned 73,132 shares in the company, valued at approximately $6,513,867.24. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 318,588 shares of company stock worth $29,753,228. Corporate insiders own 13.98% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ROKU shares. Piper Sandler lifted their price objective on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Rosenblatt Securities raised their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Pivotal Research raised their price objective on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Needham & Company LLC raised their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Roku presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.36.

Roku Price Performance

Shares of ROKU stock traded down $2.40 during midday trading on Tuesday, hitting $96.99. The company had a trading volume of 4,292,525 shares, compared to its average volume of 3,953,997. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of -230.93, a PEG ratio of 13.33 and a beta of 2.05. The company's 50 day simple moving average is $90.60 and its 200 day simple moving average is $78.28. Roku, Inc. has a 52-week low of $52.43 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion for 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 quarter in the prior year, the firm posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate 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.