40,700 Shares in Roku, Inc. $ROKU Acquired by Governors Lane LP

Governors Lane LP bought a new stake in Roku, Inc. (NASDAQ:ROKU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,700 shares of the company’s stock, valued at approximately $5,622,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Roku by 13,741.7% in the second quarter. California State Teachers Retirement System now owns 20,912,738 shares of the company’s stock valued at $2,888,886,000 after buying an additional 20,761,653 shares during the period. AQR Capital Management LLC grew its holdings in Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after acquiring an additional 1,897,407 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Roku by 229.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after acquiring an additional 1,419,772 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Roku by 7,087.7% in the 4th quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after acquiring an additional 1,401,664 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Roku in the 4th quarter valued at about $92,808,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Coverage of Roku’s NFL-related announcement could support user engagement and streaming activity, although the financial impact was not quantified. Roku NFL announcement
• Neutral Sentiment: Consumer coverage highlighted discounts and product availability for Roku streaming sticks, smart TVs, and Roku-enabled projectors. These promotions may aid device adoption but are unlikely to materially change near-term revenue expectations. Roku Streaming Stick deal Roku smart TV coverage
• Neutral Sentiment: Roku’s products continued to receive favorable comparisons with competing streaming devices, but the reviews and buying guides do not represent a new corporate catalyst. Roku device comparison
• Negative Sentiment: The DOJ’s expanded antitrust inquiry into Fox’s proposed acquisition is the dominant stock catalyst. A second request increases regulatory scrutiny and could delay completion, raise transaction costs, require concessions, or threaten the deal’s terms. Reports specifically linked the development to weakness in ROKU shares during after-hours trading. Reuters DOJ Roku deal report ROKU after-hours reaction

Insider Activity

In other Roku news, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the transaction, the insider owned 19,185 shares in the company, valued at approximately $2,762,640. The trade was a 34.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 10,719 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $150.00, for a total value of $1,607,850.00. Following the sale, the insider directly owned 40,380 shares of the company’s stock, valued at $6,057,000. This represents a 20.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 127,773 shares of company stock valued at $18,442,050. 13.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on ROKU shares. William Blair cut Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Rosenblatt Securities reissued a “buy” rating and issued a $160.00 price target on shares of Roku in a research note on Monday, August 10th. Robert W. Baird restated a “neutral” rating and set a $160.00 price target on shares of Roku in a report on Monday, June 15th. Wedbush downgraded shares of Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research report on Tuesday, June 16th. Finally, Guggenheim lowered shares of Roku from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $145.00 to $160.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.17.

Roku Stock Down 0.2%

Shares of NASDAQ:ROKU opened at $155.34 on Wednesday. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The stock’s 50 day moving average is $149.29 and its 200-day moving average is $125.88. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 66.38 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $0.07 EPS. Roku’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts anticipate that Roku, Inc. will post 2.85 earnings per share for the current fiscal 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.