Plato Investment Management Ltd Sells 4,445 Shares of Roku, Inc. $ROKU

Plato Investment Management Ltd reduced its position in shares of Roku, Inc. (NASDAQ:ROKU) by 46.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,218 shares of the company’s stock after selling 4,445 shares during the period. Plato Investment Management Ltd’s holdings in Roku were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Capital Holdings Inc. lifted its holdings in Roku by 1,413,400.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company’s stock worth $9,957,000 after buying an additional 141,340 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Roku during the 1st quarter worth about $6,026,000. Atika Capital Management LLC acquired a new position in Roku during the 1st quarter worth about $5,086,000. West Tower Group LLC lifted its holdings in Roku by 128.6% during the 2nd quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock worth $703,000 after buying an additional 4,500 shares during the period. Finally, Blair William & Co. IL lifted its holdings in Roku by 14.7% during the 1st quarter. Blair William & Co. IL now owns 45,727 shares of the company’s stock worth $3,221,000 after buying an additional 5,869 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating on shares of Roku in a research note on Monday, October 27th. Morgan Stanley reissued an “underweight” rating on shares of Roku in a research note on Friday. Guggenheim boosted their target price on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities boosted their target price on Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.18.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total transaction of $287,460.00. Following the sale, the chief financial officer owned 80,420 shares in the company, valued at $7,705,844.40. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 18,700 shares of Roku stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $100.00, for a total value of $1,870,000.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 349,971 shares of company stock worth $34,855,055. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $108.63 on Tuesday. The stock has a 50 day moving average price of $98.31 and a two-hundred day moving average price of $86.03. The firm has a market capitalization of $16.00 billion, a P/E ratio of -543.12, a P/E/G ratio of 9.21 and a beta of 2.18. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.09% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted ($0.06) EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

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.