Insider Selling: Roku (NASDAQ:ROKU) Insider Sells $2,565,892.78 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,537 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 15,200 shares of the company’s stock, valued at approximately $1,899,088. This represents a 57.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 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 shares were sold at an average price of $105.00, for a total value of $21,611,205.00.

Roku Stock Down 3.3%

NASDAQ ROKU opened at $116.94 on Thursday. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 87.93 and a beta of 2.06. Roku, Inc. has a 52 week low of $73.91 and a 52 week high of $133.46. The business has a 50 day moving average price of $117.26 and a 200-day moving average price of $105.79.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.34 by $0.23. The firm 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 company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. On average, equities research analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC purchased a new position in Roku in the fourth quarter worth $26,000. Bayban boosted its position in Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC purchased a new position in Roku in the fourth quarter worth $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Roku in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to gain consumer attention through feature-focused coverage, including how to use Apple Music on Roku TV and how to customize the Roku home screen, which may reinforce engagement with the platform. Here’s how you can use Apple Music on your Roku TV
• Positive Sentiment: Promotional coverage around Roku hardware, including discounted Roku TVs and Roku Streaming Stick bundles, may support device demand and keep the brand in front of shoppers. Walmart’s 50-inch Roku TV is on sale for under $215 this week
• Positive Sentiment: Roku is also getting media exposure from special programming set to appear on the platform, which can help reinforce its position as a streaming destination. America’s Top 25 Greatest Female Athletes’ Special Set At Roku (Exclu)

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC upped their price target on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore reiterated an “outperform” rating and set a $150.00 price target on shares of Roku in a report on Friday, February 13th. Jefferies Financial Group upped their price target on Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Oppenheimer upped their price target on Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Wedbush upped their price target on Roku from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.50.

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.