Holocene Advisors LP Has $165.26 Million Holdings in Roku, Inc. $ROKU

Holocene Advisors LP lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 352.3% in the 3rd quarter, Holdings Channel reports. The fund owned 1,650,448 shares of the company’s stock after acquiring an additional 1,285,585 shares during the quarter. Holocene Advisors LP’s holdings in Roku were worth $165,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC boosted its stake in Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after purchasing an additional 515 shares during the period. Focus Partners Wealth acquired a new stake in shares of Roku in the 1st quarter valued at about $229,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Roku in the 2nd quarter valued at about $256,000. Allworth Financial LP lifted its holdings in shares of Roku by 196.4% in the second quarter. Allworth Financial LP now owns 2,134 shares of the company’s stock valued at $188,000 after purchasing an additional 1,414 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Roku by 23.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,893 shares of the company’s stock valued at $342,000 after purchasing an additional 736 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $109.61, for a total transaction of $8,220,750.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gilbert Fuchsberg sold 3,250 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total value of $310,602.50. Following the completion of the sale, the insider owned 60,456 shares in the company, valued at $5,777,779.92. This represents a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,124 shares of company stock valued at $20,020,428 in the last three months. Corporate insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research reports. Piper Sandler reiterated 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. Guggenheim boosted their target price on Roku from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. KeyCorp upped their price target on Roku from $128.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Jefferies Financial Group raised shares of Roku from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $135.00 in a research note on Thursday, December 11th. Finally, Wedbush lifted their price objective on shares of Roku from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.40.

Key Stories Impacting Roku

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 Stock Performance

ROKU opened at $91.65 on Monday. The business’s 50-day simple moving average is $98.04 and its 200 day simple moving average is $99.76. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66. The firm has a market capitalization of $13.51 billion, a PE ratio of 160.79 and a beta of 1.98.

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

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.