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Roku's Trading Volume Surges 56.2% to $235 Million, Ranked 347th in Daily Volume

Market BriefMonday, Apr 21, 2025 7:31 pm ET

2min read

On April 21, 2025, Roku's trading volume reached $235 million, marking a 56.2% increase from the previous day. This surge placed roku at the 347th position in terms of trading volume for the day. Roku's stock price rose by 1.21%, extending its winning streak to two consecutive days, with a total gain of 1.32% over the past two days.

Roku has recently disclosed $220,000 in lobbying expenses for the first quarter of 2025. The company's lobbying efforts covered a wide range of issues, including privacy legislation, antitrust legislation, potential copyright legislation, video streaming regulation, and telecommunications policy. Additionally, Roku has been actively involved in discussions related to the RESTORE Patent Rights Act of 2025 and the Tax Relief for American Families and Workers Act of 2024.

Over the past six months, Roku insiders have engaged in 43 open market trades, with only one purchase and 42 sales. Notable insiders include Anthony J. Wood, the CEO and Chairman of the Board, who sold 150,000 shares for approximately $12.5 million. Charles Collier, the President of Roku Media, sold 25,132 shares for around $1.9 million. Dan Jedda, the CFO, sold 11,000 shares for about $1.01 million. Matthew C. Banks, the VP of Corporate Controller and CAO, sold 11,437 shares for approximately $832,645. Gilbert Fuchsberg, the President of Subscriptions, sold 1,694 shares for around $120,748. Jeff Hastings made one purchase of 11 shares for $892 and one sale of 11 shares for $997.

Institutional investors have shown significant interest in Roku, with 243 adding shares to their portfolios and 251 reducing their positions in the most recent quarter. FMR LLC increased its holdings by 31.7%, adding 4,613,570 shares worth approximately $342.97 million. Marshall Wace, LLP added 2,030,036 shares, increasing its portfolio by 663.9% and valued at around $150.91 million. Balyasny Asset Management L.P. reduced its holdings by 81.6%, removing 1,951,258 shares worth approximately $145.06 million. Holocene Advisors, LP completely exited its position, selling 1,728,028 shares worth around $128.46 million. Cadian Capital Management, LP added 1,178,800 shares, increasing its portfolio by an infinite percentage and valued at approximately $87.63 million. Jacobs Levy Equity Management, Inc. increased its holdings by 505.3%, adding 1,082,548 shares worth around $80.48 million. Millennium Management LLC reduced its holdings by 85.3%, removing 931,737 shares worth approximately $69.27 million.

Analysts have issued a mix of ratings for Roku, with seven firms recommending a buy and two firms issuing sell ratings. Recent ratings include an "Outperform" rating from FBN Securities on March 28, 2025, and a "Buy" rating from Compass Point on March 23, 2025. JMP Securities issued a "Market Outperform" rating on February 14, 2025, and Needham issued a "Buy" rating on January 7, 2025. Benchmark also issued a "Buy" rating on December 5, 2024. Jefferies issued an "Underperform" rating on November 20, 2024.

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