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

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $142.51, for a total transaction of $2,926,870.38. Following the sale, the insider owned 15,200 shares of the company’s stock, valued at $2,166,152. This trade represents a 57.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 shares were 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 transaction 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 shares were 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 shares were 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 stock was sold at an average price of $105.00, for a total value of $21,611,205.00.

Roku Price Performance

Shares of ROKU opened at $141.21 on Wednesday. The firm has a market cap of $20.82 billion, a PE ratio of 106.17 and a beta of 2.01. The stock’s fifty day moving average price is $129.29 and its two-hundred day moving average price is $110.78. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $148.88.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results 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. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.19) EPS. Sell-side analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently modified their holdings of ROKU. Raleigh Capital Management Inc. boosted its position in shares of Roku by 6.5% in the first quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock valued at $144,000 after acquiring an additional 93 shares during the period. Apollon Wealth Management LLC increased its holdings in Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after acquiring an additional 96 shares during the period. Quantum Portfolio Management LLC lifted its stake in Roku by 2.6% in the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after purchasing an additional 105 shares in the last quarter. HB Wealth Management LLC lifted its stake in Roku by 3.7% in the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after purchasing an additional 122 shares in the last quarter. Finally, Quarry LP boosted its holdings in Roku by 21.7% in the 4th quarter. Quarry LP now owns 689 shares of the company’s stock valued at $75,000 after purchasing an additional 123 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of research reports. Needham & Company LLC increased their target price on shares of Roku from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. UBS Group set a $160.00 price target on shares of Roku in a research report on Monday, June 15th. Susquehanna downgraded shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Tuesday, June 16th. Morgan Stanley lifted their price objective on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.71.

About Roku

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.