Versor Investments LP Sells 4,963 Shares of Roku, Inc. $ROKU

Key Points

• Versor Investments LP reduced its stake in Roku, Inc. by 36.6%, selling 4,963 shares and ending the first quarter with 8,611 shares valued at $607,000.
• Several hedge funds have increased their positions in Roku, with Cadian Capital Management investing $87.6 million and Jacobs Levy Equity Management growing its holdings by over 505% in the fourth quarter.
• Roku recently reported earnings that surpassed analysts' expectations, with a revenue of $1.11 billion for the quarter, a growth of 14.7% year-over-year.

Versor Investments LP decreased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,611 shares of the company's stock after selling 4,963 shares during the quarter. Versor Investments LP's holdings in Roku were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROKU. Cadian Capital Management LP bought a new position in Roku in the fourth quarter valued at about $87,632,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after purchasing an additional 1,082,548 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of 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 during the period. Gilder Gagnon Howe & Co. LLC raised its holdings in Roku by 214.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company's stock valued at $64,302,000 after buying an additional 589,610 shares during the last quarter. Finally, Tremblant Capital Group bought a new position in Roku in the 4th quarter valued at approximately $43,220,000. Institutional investors own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ROKU shares. Citigroup reissued a "neutral" rating and set a $84.00 target price (up from $68.00) on shares of Roku in a report on Wednesday, June 18th. Rosenblatt Securities raised their price target on shares of Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Piper Sandler boosted their price objective on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. UBS Group increased their price objective on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, Pivotal Research raised their target price on Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $89.07, for a total value of $267,210.00. Following the completion of the sale, the chief financial officer directly owned 73,132 shares of the company's stock, valued at $6,513,867.24. The trade was a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 212,559 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $20,193,105.00. Following the transaction, the insider directly owned 200 shares in the company, valued at approximately $19,000. This trade represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,233 shares of company stock worth $30,690,391. Corporate insiders own 13.98% of the company's stock.

Roku Trading Down 3.8%

Shares of ROKU opened at $88.80 on Wednesday. The firm's fifty day simple moving average is $86.62 and its two-hundred day simple moving average is $77.45. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96. The stock has a market capitalization of $13.08 billion, a P/E ratio of -211.43, a price-to-earnings-growth ratio of 12.92 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 (EPS) for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned ($0.18) EPS. The firm's 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. As a group, research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Roku 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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