State of New Jersey Common Pension Fund D Trims Stock Holdings in Roku, Inc. $ROKU

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Roku, Inc. by 8.7%, owning 43,953 shares worth approximately $3.1 million after selling 4,180 shares.
• Several research firms have set new price targets for Roku, with consensus rating at "Moderate Buy" and a target price of $98.96.
• Insider transactions included CEO Anthony Wood selling 25,000 shares for over $2 million, representing a significant decrease in his position by 60.33%.

State of New Jersey Common Pension Fund D lessened its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,953 shares of the company's stock after selling 4,180 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Roku were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. Garde Capital Inc. acquired a new position in Roku in the 1st quarter valued at $25,000. Golden State Wealth Management LLC grew its holdings in Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after buying an additional 247 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Roku during the 1st quarter worth about $35,000. First PREMIER Bank purchased a new stake in Roku in the first quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Roku during the fourth quarter worth approximately $41,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ROKU. Benchmark restated a "buy" rating and set a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. KeyCorp increased their target price on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Needham & Company LLC raised their price target on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wedbush reiterated an "outperform" rating and set a $100.00 price objective on shares of Roku in a research note on Monday, July 28th. Finally, Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and increased their price objective for the stock from $80.00 to $100.00 in a research report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.42, for a total value of $2,060,500.00. Following the transaction, the chief executive officer directly owned 16,441 shares in the company, valued at approximately $1,355,067.22. This trade represents a 60.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the business's 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 sale, the chief financial officer directly owned 73,132 shares of the company's stock, valued at approximately $6,513,867.24. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,233 shares of company stock valued at $30,690,391 over the last 90 days. Insiders own 13.98% of the company's stock.

Roku Stock Performance

Shares of ROKU opened at $88.47 on Thursday. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96. The stock has a 50-day moving average price of $86.78 and a 200 day moving average price of $77.53. The company has a market capitalization of $13.03 billion, a P/E ratio of -210.64, a P/E/G ratio of 12.43 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced 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. The company had revenue of $1.11 billion during 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 firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal 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.

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