Roku (NASDAQ:ROKU) Insider Charles Collier Sells 20,538 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,538 shares of Roku stock in a transaction on Monday, July 6th. The shares were sold at an average price of $142.51, for a total transaction of $2,926,870.38. Following the completion of the sale, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $2,166,152. This trade represents a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Collier also recently made the following trade(s):

• On Thursday, June 4th, Charles Collier sold 20,537 shares of Roku stock. The stock was sold at an average price of $124.94, for a total transaction of $2,565,892.78.
• On Tuesday, June 2nd, Charles Collier sold 7,067 shares of Roku stock. The shares were sold at an average price of $127.26, for a total value of $899,346.42.
• On Monday, May 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $124.23, for a total value of $2,551,435.74.
• On Friday, April 17th, Charles Collier sold 205,807 shares of Roku stock. The stock was sold at an average price of $115.00, for a total value of $23,667,805.00.
• On Thursday, April 16th, Charles Collier sold 3,431 shares of Roku stock. The stock was sold at an average price of $110.17, for a total value of $377,993.27.
• On Wednesday, April 8th, Charles Collier sold 205,821 shares of Roku stock. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00.

Roku Stock Performance

Roku stock traded down $1.05 during mid-day trading on Tuesday, reaching $141.21. The stock had a trading volume of 2,680,703 shares, compared to its average volume of 3,883,811. The firm has a market capitalization of $20.82 billion, a PE ratio of 106.17 and a beta of 2.01. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $148.88. The stock’s 50-day simple moving average is $128.77 and its 200-day simple moving average is $110.54.

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

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Roku during the fourth quarter valued at approximately $26,000. Bayban lifted its holdings in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the period. WPG Advisers LLC bought a new stake in Roku during the fourth quarter worth $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Roku in the fourth quarter worth $31,000. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Piper Sandler lowered shares of Roku from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $148.00 to $160.00 in a report on Tuesday, June 16th. Guggenheim raised their price target on shares of Roku from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Oppenheimer downgraded Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Finally, Wedbush lowered Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Roku has a consensus rating of “Hold” and a consensus price target of $153.71.

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.