Blueshift Asset Management LLC Sells 8,838 Shares of Roku, Inc. $ROKU

Blueshift Asset Management LLC cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 18.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,571 shares of the company’s stock after selling 8,838 shares during the period. Roku comprises approximately 1.1% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Blueshift Asset Management LLC’s holdings in Roku were worth $3,478,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ROKU. Vanguard Group Inc. lifted its holdings in shares of Roku by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company’s stock valued at $1,114,077,000 after buying an additional 172,221 shares during the period. Acadian Asset Management LLC grew its holdings in Roku by 41.2% during the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock worth $236,545,000 after acquiring an additional 785,864 shares during the period. Tableaux LLC purchased a new position in Roku during the second quarter valued at approximately $1,746,000. Jacobs Levy Equity Management Inc. lifted its holdings in Roku by 21.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company’s stock valued at $111,372,000 after acquiring an additional 284,323 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in Roku by 44.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,062,416 shares of the company’s stock worth $93,376,000 after purchasing an additional 325,890 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Matthew C. Banks sold 719 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $95.09, for a total transaction of $68,369.71. Following the sale, the chief accounting officer directly owned 7,285 shares of the company’s stock, valued at approximately $692,730.65. This represents a 8.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 515,274 shares of company stock valued at $53,880,874. 13.98% of the stock is owned by company insiders.

Roku Price Performance

Shares of Roku stock opened at $96.52 on Tuesday. The stock has a market capitalization of $14.26 billion, a P/E ratio of -482.58 and a beta of 1.98. The business has a 50 day simple moving average of $99.06 and a two-hundred day simple moving average of $90.89. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ROKU shares. Citigroup lifted their target price on shares of Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Roku in a report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Susquehanna restated a “positive” rating and set a $130.00 target price on shares of Roku in a research report on Friday, October 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Roku in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.14.

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.