Charles Collier Sells 7,067 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 7,067 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $1,108,529.62. Following the completion of the sale, the insider directly owned 22,700 shares in the company, valued at approximately $3,560,722. This trade represents a 23.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $145.93, for a total transaction of $2,997,110.34.
• On Monday, July 6th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $142.51, for a total transaction of $2,926,870.38.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $155.59 on Friday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $159.89. The company has a market cap of $23.09 billion, a PE ratio of 66.49 and a beta of 2.05. The stock’s 50-day moving average is $148.57 and its 200 day moving average is $124.70.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.47. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Roku had a return on equity of 13.73% and a net margin of 6.82%.The business’s revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Analysts expect that Roku, Inc. will post 2.85 EPS for the current fiscal year.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Improving earnings outlook: Zacks assigned Roku a No. 1 “Strong Buy” ranking, citing upward EPS revisions. The rating follows Roku’s latest quarterly results, which exceeded consensus estimates for both earnings and revenue, with revenue rising 21.9% year over year. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: Short-term technical momentum: ROKU recently moved above its 20-day moving average, suggesting improving near-term trading momentum and investor support. Roku Just Overtook the 20-Day Moving Average
• Positive Sentiment: Premium hardware expansion: Roku’s Pro Series OLED televisions, starting at $999, could improve its position in higher-end TV hardware and provide additional opportunities to monetize its platform. Roku’s $999 OLED Could Change How TV Makers Make Money
• Neutral Sentiment: Platform activity: Pluto TV launched a major update on Roku TVs and players, while the Roku Streaming Stick Plus returned to its prior Amazon price. These developments may support engagement and device demand, but their direct impact on near-term revenue is unclear. Pluto TV Rolls Out an Update on Roku Devices
• Neutral Sentiment: Consumer support coverage: Articles describing simple Roku troubleshooting steps and retail discounts for Roku TVs may help customer experience and product sales, but are unlikely to materially affect valuation. Common Roku Problems
• Negative Sentiment: Concentrated insider selling: Executives and directors sold a combined 20,846 shares worth roughly $3.25 million. The transactions were made under pre-arranged Rule 10b5-1 plans, and most covered tax withholding on vested equity awards, reducing the bearish significance. Still, the volume of selling may weigh on sentiment, particularly with ROKU near its annual high. Roku Insider Selling

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bayban boosted its stake 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 in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Roku during the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. increased its stake in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock valued at $44,000 after purchasing an additional 215 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new position in shares of Roku during the fourth quarter valued at approximately $45,000. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating on shares of Roku in a report on Friday, August 7th. Morgan Stanley boosted their price target on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Weiss Ratings raised shares of Roku from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group lowered shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a report on Monday, June 15th. Finally, Citigroup lifted their price objective on Roku from $120.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat.com, Roku presently has an average rating of “Hold” and an average target price of $156.17.

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.