Roku, Inc. $ROKU Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its holdings in Roku, Inc. (NASDAQ:ROKU) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,483 shares of the company’s stock after selling 495 shares during the period. SteelPeak Wealth LLC’s holdings in Roku were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROKU. Berkshire Capital Holdings Inc. grew its holdings in shares of Roku by 1,413,400.0% during the first quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company’s stock worth $9,957,000 after purchasing an additional 141,340 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Roku during the first quarter worth about $6,026,000. Atika Capital Management LLC purchased a new position in shares of Roku during the first quarter worth about $5,086,000. Lecap Asset Management Ltd. purchased a new position in shares of Roku during the first quarter worth about $511,000. Finally, Blair William & Co. IL grew its holdings in shares of Roku by 14.7% during the first quarter. Blair William & Co. IL now owns 45,727 shares of the company’s stock worth $3,221,000 after purchasing an additional 5,869 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Down 1.9%

NASDAQ ROKU opened at $99.93 on Thursday. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $107.25. The business’s 50-day moving average price is $94.60 and its 200 day moving average price is $81.54. The firm has a market cap of $14.72 billion, a P/E ratio of -237.93, a P/E/G ratio of 14.25 and a beta of 2.13.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. 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.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ROKU shares. Wells Fargo & Company raised their price objective on Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Susquehanna raised their price objective on Roku from $85.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, August 1st. 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. Citigroup raised their price objective on Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.33.

Insider Transactions at Roku

In related news, CAO Matthew C. Banks sold 2,180 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $97.85, for a total value of $213,313.00. Following the completion of the sale, the chief accounting officer owned 5,355 shares in the company, valued at $523,986.75. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. The disclosure for this sale can be found here. Insiders have sold 518,890 shares of company stock valued at $50,737,151 over the last 90 days. Insiders own 13.98% of the company’s stock.

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.