Roku, Inc. $ROKU Shares Sold by Benjamin Edwards Inc.

Investment Activity - Several large investors have modified their holdings in Roku, with Tableaux LLC acquiring a new stake valued at approximately $1.746 million [1] - Acadian Asset Management LLC increased its position by 41.2%, now owning 2,691,643 shares valued at $236.545 million after purchasing an additional 785,864 shares [1] - Duquesne Family Office LLC grew its stake by 123.0%, now holding 1,100,500 shares worth $96.723 million after buying 606,900 shares [1] - Man Group plc raised its stake by 379.0%, owning 456,708 shares valued at $40.14 million after purchasing 361,357 shares [1] - Hedge funds and institutional investors currently own 86.30% of Roku's stock [1] Analyst Ratings - Jefferies Financial Group upgraded Roku from "hold" to "buy" and raised the price target from $100.00 to $135.00 [2] - Needham & Company LLC reaffirmed a "buy" rating with a price objective of $110.00 [2] - JMP Securities issued a "market outperform" rating with a price target of $145.00 [2] - Morgan Stanley set a price objective of $135.00 and rated the company as "overweight" [2] - The consensus rating for Roku is "Moderate Buy" with a target price of $118.12 [2] Insider Activity - CEO Anthony J. Wood sold 50,000 shares at an average price of $103.86, totaling $5.193 million [3] - Insider Charles Collier sold 118,088 shares at an average price of $115.00, totaling $13.580 million, resulting in a 99.83% decrease in their position [3] - Insiders sold a total of 318,282 shares valued at $34.336 million in the last 90 days, with corporate insiders owning 13.98% of the stock [3] Financial Performance - Roku reported earnings of $0.16 per share for the quarter, beating estimates of $0.07 by $0.09 [5] - The company had revenue of $1.21 billion, matching analyst estimates, and a 14.0% increase compared to the same quarter last year [5] - Roku's negative return on equity was -1.08% and the negative net margin was -0.61% [5] Stock Performance - Roku's stock opened at $111.17, with a one-year low of $52.43 and a high of $116.66 [4] - The stock's 50-day moving average is $104.14 and the 200-day moving average is $97.27 [4] - Roku has a market capitalization of $16.43 billion and a P/E ratio of -555.82 [4]