Algert Global LLC Boosts Stake in Roku, Inc. $ROKU

Algert Global LLC boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 213,101 shares of the company’s stock after purchasing an additional 53,824 shares during the period. Algert Global LLC owned about 0.14% of Roku worth $21,338,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ROKU. CWM LLC boosted its position in shares of Roku by 345.4% in the third quarter. CWM LLC now owns 84,010 shares of the company’s stock worth $8,412,000 after purchasing an additional 65,150 shares during the period. Accurate Wealth Management LLC purchased a new position in shares of Roku during the 3rd quarter valued at $1,115,000. AGF Management Ltd. purchased a new position in shares of Roku during the 3rd quarter valued at $15,023,000. Convergence Investment Partners LLC bought a new position in Roku in the 3rd quarter worth $2,492,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Roku by 699.2% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,248 shares of the company’s stock worth $2,328,000 after buying an additional 20,339 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Trading Down 3.3%

Shares of NASDAQ:ROKU opened at $91.65 on Friday. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66. The company has a 50-day moving average price of $98.04 and a 200 day moving average price of $99.73. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 160.79 and a beta of 1.98.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.25. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. As a group, equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity

In related news, insider Gilbert Fuchsberg sold 3,250 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $95.57, for a total transaction of $310,602.50. Following the sale, the insider owned 60,456 shares in the company, valued at approximately $5,777,779.92. This represents a 5.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Neil D. Hunt sold 2,000 shares of Roku stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $97.70, for a total transaction of $195,400.00. Following the transaction, the director directly owned 7,782 shares of the company’s stock, valued at $760,301.40. The trade was a 20.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 201,124 shares of company stock worth $20,342,748. Company insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ROKU shares. Stifel Nicolaus set a $160.00 price objective on Roku in a research report on Monday, March 2nd. Citizens Jmp reiterated a “market outperform” rating and set a $145.00 target price on shares of Roku in a research report on Tuesday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Roku in a research note on Friday, February 13th. Guggenheim upped their price target on Roku from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective (up from $135.00) on shares of Roku in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.40.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku’s recent operational wins and bullish analyst notes helped drive a run-up into March — analysts have raised targets and coverage remains largely positive, supporting longer‑term growth expectations. Read More.
• Positive Sentiment: Product and engagement initiatives (new on‑platform game “Roklue” and improved Live TV search) aim to boost time‑spent and ad monetization, which can support platform revenue growth. Read More.
• Positive Sentiment: Content deals: Roku secured exclusive streaming rights to a new X Games League, which can help drive unique live content and viewer engagement on the platform. Read More.
• Positive Sentiment: Retail promotions and steep discounts on Roku TVs and projectors are widespread this month — such device promotions can expand the user base and ad reach if they translate into active accounts. Read More.
• Neutral Sentiment: Ad/measurement ecosystem update: Pixalate released DEFASED pre‑bid CTV blocklists (daily lists of apps delisted from app stores). This is an industry tool for buyers/sellers and could change ad targeting or inventory mix, but its direct impact on Roku revenue is unclear today. Read More.
• Negative Sentiment: Insider sale headline: CEO Anthony Wood’s trust sold 50,000 shares (filed as a March 10 transaction, average ~$99.68). Even if pre‑planned under a 10b5‑1, the disclosure can prompt near‑term selling pressure and headline-driven volatility. Read More.
• Negative Sentiment: Heavy historical insider selling: multiple senior insiders have only sold (no purchases) over recent months, a datapoint investors often view as a negative signal for near‑term sentiment. Read More.

Roku 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.