Convergence Investment Partners LLC Has $5.16 Million Stock Position in Roku, Inc. $ROKU

Convergence Investment Partners LLC raised its position in Roku, Inc. (NASDAQ:ROKU) by 91.0% in the 4th quarter, HoldingsChannel reports. The fund owned 47,527 shares of the company’s stock after purchasing an additional 22,640 shares during the period. Roku makes up about 1.0% of Convergence Investment Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Convergence Investment Partners LLC’s holdings in Roku were worth $5,156,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its holdings in Roku by 1.5% in the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in Roku by 3.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after acquiring an additional 100 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Roku by 1.0% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after buying an additional 100 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of Roku by 2.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock worth $418,000 after buying an additional 106 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its holdings in shares of Roku by 2.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ROKU shares. Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Citizens Jmp increased their target price on Roku from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Pivotal Research reissued a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Roku in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $150.00 target price on shares of Roku in a report on Friday, May 1st. Finally, Guggenheim increased their target price on Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.42.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 9,593 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $125.52, for a total value of $1,204,113.36. Following the sale, the insider owned 50,863 shares in the company, valued at approximately $6,384,323.76. This trade represents a 15.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 688,038 shares of company stock worth $76,076,295 over the last 90 days. Company insiders own 13.45% of the company’s stock.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Jefferies said Roku has a credible path to beat its full-year guidance, citing political advertising, higher World Cup viewership, and improving ad fill rates. The firm sees upside to about 25% year-over-year platform revenue growth in fiscal 2026, above Roku’s current guidance of roughly 21%. Article Title
• Positive Sentiment: Roku’s latest earnings beat expectations, with EPS of $0.57 versus the $0.34 estimate and revenue of $1.25 billion topping forecasts. Revenue also rose 22.4% year over year, reinforcing the view that the business is still growing strongly.
• Positive Sentiment: Analyst sentiment remains favorable, with multiple firms raising price targets after earnings and the broader consensus rating still sitting at Moderate Buy.
• Neutral Sentiment: Roku was also highlighted in “trending stock” coverage from Zacks, which mainly suggests increased investor interest rather than a clear new fundamental catalyst. Article Title
• Negative Sentiment: CEO Anthony Wood sold 75,000 shares in a pre-arranged Rule 10b5-1 transaction, which can weigh on sentiment even though the sale was planned in advance. Article Title

Roku Price Performance

NASDAQ ROKU opened at $124.02 on Friday. The firm has a market cap of $18.28 billion, a PE ratio of 93.25 and a beta of 2.04. Roku, Inc. has a one year low of $67.67 and a one year high of $131.39. The stock’s 50 day simple moving average is $106.50 and its 200 day simple moving average is $102.74.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) EPS. As a group, equities analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

About Roku

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.