Roku, Inc. (NASDAQ:ROKU) Insider Charles Collier Sells 7,181 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 7,181 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $75.00, for a total transaction of $538,575.00. Following the transaction, the insider now owns 10,970 shares in the company, valued at $822,750. This represents a 39.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Roku Stock Performance

ROKU stock opened at $78.55 on Friday. The firm has a market cap of $11.46 billion, a PE ratio of -88.26 and a beta of 2.06. The firm has a fifty day moving average price of $65.61 and a 200 day moving average price of $74.44. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned ($0.35) EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Roku in a research note on Friday, May 2nd. Redburn Atlantic raised shares of Roku from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. upped their target price on shares of Roku from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group cut their price target on shares of Roku from $90.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Roku in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.37.

Institutional Trading of Roku

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. Garde Capital Inc. purchased a new stake in Roku in the 1st quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in shares of Roku during the fourth quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Roku in the first quarter valued at approximately $30,000. Banque Transatlantique SA purchased a new stake in shares of Roku in the first quarter valued at approximately $28,000. Finally, Golden State Wealth Management LLC grew its stake in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.