Tremblant Capital Group Decreases Stock Holdings in Roku, Inc. $ROKU

Tremblant Capital Group lowered its stake in Roku, Inc. (NASDAQ:ROKU) by 29.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 382,391 shares of the company’s stock after selling 162,657 shares during the period. Roku accounts for 4.0% of Tremblant Capital Group’s portfolio, making the stock its 8th largest position. Tremblant Capital Group’s holdings in Roku were worth $38,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ROKU. Westfuller Advisors LLC bought a new position in Roku in the 3rd quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Roku during the third quarter worth $33,000. Rakuten Securities Inc. lifted its stake in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of Roku by 20,450.0% during the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after acquiring an additional 409 shares during the period. Finally, Lion Street Advisors LLC bought a new position in Roku in the third quarter valued at about $70,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku News Roundup

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.

Analyst Ratings Changes

A number of analysts recently commented on ROKU shares. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. Wedbush raised their target price on shares of Roku from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Sunday, December 7th. Pivotal Research boosted their price target on shares of Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, February 16th. Finally, Stifel Nicolaus set a $160.00 price objective on shares of Roku in a report on Monday, March 2nd. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.40.

Roku Trading Down 3.3%

NASDAQ:ROKU opened at $91.65 on Friday. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 160.79 and a beta of 1.98. The business’s 50-day moving average price is $98.04 and its two-hundred day moving average price is $99.71.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 3.40% and a net margin of 1.87%.The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. Sell-side analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Roku

In other Roku news, SVP Christopher T. Handman sold 2,999 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total value of $286,614.43. Following the sale, the senior vice president directly owned 2,999 shares in the company, valued at approximately $286,614.43. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $107.56, for a total transaction of $322,680.00. Following the completion of the transaction, the chief financial officer owned 87,267 shares of the company’s stock, valued at $9,386,438.52. This trade represents a 3.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 201,124 shares of company stock worth $20,342,748 over the last ninety days. 13.98% of the stock is owned by corporate insiders.

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.