Next Century Growth Investors LLC Takes $2.24 Million Position in Roku, Inc. $ROKU

15 Jun 2026, 12:36 by Mitch Edgeman · The Markets Daily

Next Century Growth Investors LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,599 shares of the company’s stock, valued at approximately $2,235,000.

Several other hedge funds have also recently made changes to their positions in the stock. Apollon Wealth Management LLC raised its holdings in shares of Roku by 1.5% during the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Roku by 1.0% during the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares during the last quarter. Quarry LP raised its holdings in shares of Roku by 21.7% during the fourth quarter. Quarry LP now owns 689 shares of the company’s stock valued at $75,000 after purchasing an additional 123 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of Roku by 2.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock valued at $648,000 after purchasing an additional 127 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Roku by 3.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock valued at $398,000 after purchasing an additional 135 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROKU has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 13th. KeyCorp upped their target price on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley upped their target price on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Needham & Company LLC upped their target price on shares of Roku from $110.00 to $140.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.96.

Read Our Latest Research Report on Roku

Insiders Place Their Bets

In other Roku news, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 19,185 shares in the company, valued at $2,762,640. This represents a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. The trade was a 94.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 706,194 shares of company stock worth $80,756,499 over the last three months. 13.45% of the stock is currently owned by company insiders.

Key Roku News

Here are the key news stories impacting Roku this week:

Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku Stock Performance

Shares of ROKU stock opened at $143.66 on Monday. Roku, Inc. has a 12 month low of $73.91 and a 12 month high of $148.88. The stock has a market cap of $21.18 billion, a P/E ratio of 108.02 and a beta of 2.06. The company has a 50 day simple moving average of $118.73 and a two-hundred day simple moving average of $106.32.

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

Roku Profile

(Free Report)

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.