Roku, Inc. $ROKU Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,662,318 shares of the company’s stock after selling 780,397 shares during the period. Roku makes up about 3.6% of Amova Asset Management Americas Inc.’s investment portfolio, making the stock its 7th largest holding. Amova Asset Management Americas Inc. owned about 2.48% of Roku worth $366,671,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ROKU. Westfuller Advisors LLC acquired a new position in Roku during the 3rd quarter worth $30,000. Root Financial Partners LLC bought a new stake in shares of Roku during the third quarter valued at about $33,000. Cornerstone Planning Group LLC lifted its holdings in Roku by 20,450.0% in the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock worth $41,000 after purchasing an additional 409 shares during the period. Rakuten Securities Inc. grew its position in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after buying an additional 158 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Roku by 859.7% during the 2nd quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $52,000 after buying an additional 533 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roku

In other news, CAO Matthew C. Banks sold 716 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $95.57, for a total transaction of $68,428.12. Following the transaction, the chief accounting officer owned 7,675 shares of the company’s stock, valued at approximately $733,499.75. This represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charles Collier sold 1,715 shares of Roku stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total transaction of $163,902.55. Following the completion of the transaction, the insider directly owned 12,846 shares in the company, valued at approximately $1,227,692.22. This represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 227,659 shares of company stock valued at $23,524,283. Insiders own 13.98% of the company’s stock.

Roku Price Performance

NASDAQ:ROKU opened at $97.51 on Thursday. The stock has a market cap of $14.38 billion, a PE ratio of 171.07 and a beta of 1.98. The stock’s 50-day moving average is $99.72 and its two-hundred day moving average is $99.44. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. On average, equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROKU. Oppenheimer increased their price objective on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group raised Roku from a “hold” rating to a “buy” rating and increased their price target for the company from $100.00 to $135.00 in a research note on Thursday, December 11th. Stifel Nicolaus set a $160.00 price objective on Roku in a research note on Monday. Morgan Stanley set a $135.00 target price on Roku and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, Bank of America lifted their target price on Roku from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Apple TV is now available as a Premium Subscription on The Roku Channel in the U.S., letting Roku users subscribe and manage Apple TV via their Roku accounts. That deal should increase subscription options on Roku, keep viewers inside Roku’s ecosystem longer, and expand ad and subscription monetization opportunities. Roku Adds Apple TV to Premium Subscriptions (Business Wire)
• Positive Sentiment: High-profile endorsement: Jim Cramer publicly said Roku is “a very smart…thing to buy,” highlighting Roku’s targeted advertising business as a core strength — a sentiment that can drive investor interest and short-term inflows. Jim Cramer on Roku (Yahoo Finance)
• Positive Sentiment: Roku’s Streaming Stick HD is heavily discounted (nearly 50% off in promotions), which can boost unit sales, expand the active user base, and increase future ad inventory and subscription attach rates — supportive for long‑term growth even if near-term device margins are thinner. Roku Streaming Stick HD Discount (Kotaku)
• Neutral Sentiment: Consumer/brand buzz: a light human-interest piece on a hidden “Punch the Monkey” easter-egg in Roku screensavers may increase brand engagement and social sharing but is unlikely to move fundamentals materially. Punch the Monkey in Roku Screensavers (MSN)

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.