Cwm LLC Buys 5,551 Shares of Roku, Inc. $ROKU

Cwm LLC grew its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 41.7% during the second quarter, HoldingsChannel reports. The firm owned 18,860 shares of the company’s stock after purchasing an additional 5,551 shares during the quarter. Cwm LLC’s holdings in Roku were worth $1,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Garde Capital Inc. bought a new stake in Roku during the 1st quarter valued at approximately $25,000. Banque Transatlantique SA bought a new position in shares of Roku in the 1st quarter worth approximately $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku in the 1st quarter valued at approximately $30,000. Golden State Wealth Management LLC boosted its position in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after purchasing an additional 247 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of Roku by 327.1% during the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

Insider Activity at Roku

In other news, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles Collier sold 112,961 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $105.00, for a total value of $11,860,905.00. Following the sale, the insider directly owned 200 shares in the company, valued at $21,000. This trade represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,331 shares of company stock valued at $32,640,556. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of ROKU stock opened at $94.21 on Monday. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of -224.31, a price-to-earnings-growth ratio of 11.11 and a beta of 2.13. Roku, Inc. has a one year low of $52.43 and a one year high of $107.25. The company’s 50-day moving average is $96.01 and its 200 day moving average is $82.70.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned ($0.18) earnings per share. The business’s revenue for the quarter 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ROKU shares. Bank of America increased their price objective on Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Pivotal Research increased their price target on shares of Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. Rosenblatt Securities boosted their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Piper Sandler raised their target price on shares of Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Two investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.