Brighton Jones LLC Acquires Shares of 4,598 Roku, Inc. $ROKU

Brighton Jones LLC bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the second quarter, Holdings Channel reports. The institutional investor bought 4,598 shares of the company’s stock, valued at approximately $404,000.

Several other institutional investors have also recently added to or reduced their stakes in ROKU. Acadian Asset Management LLC boosted its position in Roku by 456.7% in the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after buying an additional 1,563,449 shares in the last quarter. Duquesne Family Office LLC bought a new position in shares of Roku in the first quarter valued at approximately $34,769,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Roku by 38,431.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company’s stock worth $34,470,000 after acquiring an additional 488,083 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Roku by 491.5% in the 1st quarter. AQR Capital Management LLC now owns 562,027 shares of the company’s stock worth $38,943,000 after acquiring an additional 467,005 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Roku during the 1st quarter worth approximately $32,821,000. 86.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ROKU shares. Susquehanna lifted their price objective on Roku from $85.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Bank of America upped their price target on shares of Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. KeyCorp restated an “overweight” rating and issued a $116.00 price objective on shares of Roku in a research report on Tuesday. Rosenblatt Securities boosted their target price 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, Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Roku in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.95.

Roku Price Performance

Shares of NASDAQ ROKU opened at $100.03 on Friday. The company’s 50 day simple moving average is $97.78 and its 200 day simple moving average is $84.98. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $107.25. The firm has a market capitalization of $14.74 billion, a P/E ratio of -238.17, a P/E/G ratio of 11.63 and a beta of 2.13.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles Collier sold 112,961 shares of the company’s 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 completion of the sale, the insider owned 200 shares in the company, valued at $21,000. This represents a 99.82% decrease in their position. The transaction was disclosed in a filing 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 on Thursday, September 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. The SEC filing for this sale provides additional information. Insiders have sold 353,331 shares of company stock valued at $35,140,823 in the last 90 days. 13.98% of the stock is owned by insiders.

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.