Roku, Inc. $ROKU Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Roku, Inc. (NASDAQ:ROKU) by 36.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,874,369 shares of the company’s stock after selling 1,094,883 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Roku were worth $177,353,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC raised its position in Roku by 96.8% in the first quarter. WPG Advisers LLC now owns 561 shares of the company’s stock worth $53,000 after acquiring an additional 276 shares in the last quarter. Quantum Portfolio Management LLC boosted its position in shares of Roku by 2.6% during the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock valued at $391,000 after purchasing an additional 105 shares in the last quarter. Clare Market Investments LLC bought a new position in shares of Roku during the 1st quarter valued at about $204,000. Burney Co. grew its stake in shares of Roku by 96.2% in the 1st quarter. Burney Co. now owns 48,061 shares of the company’s stock worth $4,548,000 after purchasing an additional 23,567 shares during the last quarter. Finally, Ascentis Independent Advisors grew its stake in shares of Roku by 94.8% in the 1st quarter. Ascentis Independent Advisors now owns 5,185 shares of the company’s stock worth $491,000 after purchasing an additional 2,523 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ROKU. Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Citigroup reaffirmed an “outperform” rating on shares of Roku in a report on Monday, June 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $160.00 price objective (up from $150.00) on shares of Roku in a research report on Tuesday, June 16th. KeyCorp lowered Roku from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 15th. Finally, Morgan Stanley boosted their target price on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Eleven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, Roku has an average rating of “Hold” and a consensus price target of $153.71.

Roku Stock Performance

NASDAQ ROKU opened at $140.26 on Friday. The firm’s 50 day moving average price is $130.35 and its two-hundred day moving average price is $111.20. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $148.88. The stock has a market cap of $20.68 billion, a price-to-earnings ratio of 105.46 and a beta of 2.01.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted ($0.19) earnings per share. Roku’s revenue was up 22.4% compared to the same quarter last year. On average, research analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku’s World Cup-related marketing and product visibility are getting attention, including its new Soccer Zone and coverage showing Roku TVs and accessories being used to watch FIFA World Cup 2026. That could support engagement and reinforce Roku’s brand with streaming viewers. Roku’s new Soccer Zone a hit for FIFA World Cup
• Positive Sentiment: Roku expanded its free live TV lineup with six new channels, which may improve platform stickiness and ad inventory over time by giving users more reasons to stay within the Roku ecosystem. Roku just made its free live TV lineup even bigger with 6 new channels
• Positive Sentiment: Roku is also benefiting from continued interest around its premium performance and recent earnings beat, with the company previously reporting stronger-than-expected EPS and revenue growth. That backdrop helps explain investor confidence despite near-term noise. Roku insider trading and price performance article
• Neutral Sentiment: Several articles were mainly consumer-product or comparison pieces, such as projector deals, Roku feature roundups, and Apple TV 4K vs. Roku coverage. These are useful for visibility but are unlikely to materially affect the stock on their own. Apple TV 4K vs. Roku: What’s the Best Streaming Platform?
• Negative Sentiment: Roku disclosed an insider sale by Charles Collier of 20,538 shares under a pre-arranged trading plan. While the sale was planned, insider selling can still weigh on sentiment when shares are near recent highs. Roku insider sells 20,538 shares
• Negative Sentiment: The stock also faced a broader-day pullback versus the overall market, suggesting some traders may be taking profits after a strong run. Roku suffers a larger drop than the general market

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 554 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $138.88, for a total transaction of $76,939.52. Following the completion of the sale, the chief accounting officer directly owned 7,171 shares in the company, valued at approximately $995,908.48. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the transaction, the insider directly owned 19,185 shares in the company, valued at approximately $2,762,640. This trade represents a 34.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 477,737 shares of company stock worth $58,132,511. 13.45% of the stock is currently owned by company insiders.

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.