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

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,538 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $124.23, for a total transaction of $2,551,435.74. Following the completion of the transaction, the insider owned 7,700 shares of the company’s stock, valued at approximately $956,571. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 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.
• On Thursday, March 5th, Charles Collier sold 1,715 shares of Roku stock. The stock was sold at an average price of $100.00, for a total transaction of $171,500.00.
• On Tuesday, March 3rd, Charles Collier sold 1,715 shares of Roku stock. The stock was sold at an average price of $95.57, for a total transaction of $163,902.55.

Roku Stock Down 1.3%

NASDAQ ROKU traded down $1.58 on Tuesday, hitting $124.44. The stock had a trading volume of 2,822,132 shares, compared to its average volume of 3,312,268. Roku, Inc. has a one year low of $58.77 and a one year high of $127.90. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 93.57 and a beta of 2.04. The company’s 50-day moving average is $101.11 and its two-hundred day moving average is $101.06.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 EPS 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 7.68%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. Roku’s quarterly revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post 2.24 earnings per share for the current year.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Q1 earnings beat — Roku reported stronger-than-expected Q1 revenue and EPS with platform revenue surging and record free cash flow, supporting the company’s ad/subscription monetization thesis. ROKU Shares Rise 6% on Q1 Earnings Beat, Revenues and EPS Up Y/Y
• Positive Sentiment: Content and distribution additions — Roku added 15 new free channels to its platform, which can increase engagement, ad inventory and potential ad revenue. Roku Just Added 15 New Channels — And They’re All Free
• Positive Sentiment: New low-cost subscription (Howdy) — Roku’s Howdy $3/month service is getting coverage as a viable low-price add-on that could drive ARPU and reduce churn if adoption scales. Here’s Why Howdy, Roku’s Low-Cost Streaming Service, Is Worth Your $3/Month
• Positive Sentiment: Structural cost/market tailwind — analysis suggests Roku’s low-memory hardware footprint may benefit it amid rising memory prices, potentially protecting margins vs. peers. How ROKU Stock Could Be One of the Biggest Winners of Sky-High Memory Prices
• Neutral Sentiment: Analyst update — Citigroup raised its price target to $120 but kept a “neutral” rating, signaling mixed analyst sentiment and implying limited near-term upside from that house. Benzinga coverage of analyst update
• Negative Sentiment: Class-action lawsuits alleging updates “bricked” TCL TVs running Roku software — multiple outlets report a new suit accusing Roku (with TCL) of shipping updates that rendered devices unusable; litigation and reputational risk could pressure the stock and lead to legal costs or remedial expenses. TCL and Roku sued for allegedly bricking TVs with updates Roku and TCL are being sued for allegedly bricking smart TVs ROKU and TCL accused of bricking TVs in new class action lawsuit

Institutional Trading of Roku

A number of large investors have recently added to or reduced their stakes in ROKU. Blue Trust Inc. boosted its holdings in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in Roku in the 4th quarter worth about $26,000. Bayban raised its holdings in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after buying an additional 260 shares during the period. Westfuller Advisors LLC acquired a new stake in Roku during the 3rd quarter worth about $30,000. Finally, WPG Advisers LLC purchased a new stake in Roku during the fourth quarter valued at about $31,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROKU has been the subject of several recent analyst reports. Oppenheimer increased their price objective on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. UBS Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of Roku in a report on Friday. Morgan Stanley reiterated an “overweight” rating and issued a $150.00 price objective on shares of Roku in a report on Friday. Stifel Nicolaus set a $160.00 price objective on shares of Roku in a report on Monday, March 2nd. Finally, Bank of America increased their price objective on shares of Roku from $115.00 to $140.00 and gave the company a “buy” rating in a report on Monday, January 12th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $142.17.

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.