Insider Selling: Roku (NASDAQ:ROKU) Insider Sells 20,537 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,537 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $124.94, for a total value of $2,565,892.78. Following the completion of the transaction, the insider directly owned 15,200 shares in the company, valued at $1,899,088. This represents a 57.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 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 stock was sold at an average price of $124.23, for a total transaction 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 transaction 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 transaction of $377,993.27.
• On Wednesday, April 8th, Charles Collier sold 205,821 shares of Roku stock. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00.

Roku Price Performance

NASDAQ ROKU traded up $1.31 on Monday, hitting $123.57. 3,621,655 shares of the stock were exchanged, compared to its average volume of 1,870,279. Roku, Inc. has a 52-week low of $73.91 and a 52-week high of $133.46. The company has a market capitalization of $18.22 billion, a price-to-earnings ratio of 92.91 and a beta of 2.06. The company’s 50-day moving average price is $116.01 and its two-hundred day moving average price is $105.41.

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

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently modified their holdings of ROKU. Blue Trust Inc. lifted its stake in shares of Roku by 680.0% in the 4th 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 acquired a new stake in shares of Roku in the 4th quarter valued at $26,000. Bayban lifted its stake in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Roku in the 4th quarter valued at $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Roku in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the topic of several research analyst reports. Citigroup restated a “market outperform” rating on shares of Roku in a report on Thursday, May 28th. Pivotal Research restated a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Roku in a report on Friday, May 1st. Moffett Nathanson restated a “neutral” rating and set a $100.00 price target on shares of Roku in a report on Friday, February 13th. Citizens Jmp restated a “market outperform” rating and set a $170.00 price target on shares of Roku in a report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their price target on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.29.

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.