Roku (NASDAQ:ROKU) Insider Sells $2,997,110.34 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.93, for a total transaction of $2,997,110.34. Following the transaction, the insider owned 15,200 shares in the company, valued at $2,218,136. This represents a 57.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Thursday, June 4th, Charles Collier sold 20,537 shares of Roku stock. The stock was 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 value of $899,346.42.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $153.11 on Friday. The stock has a market capitalization of $22.57 billion, a P/E ratio of 65.43 and a beta of 2.01. The business has a 50-day moving average of $138.39 and a two-hundred day moving average of $116.30. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $153.54.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.47. Roku had a return on equity of 13.95% and a net margin of 6.82%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, research analysts expect that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported second-quarter revenue of approximately $1.35 billion, up 21.9% year over year and above the roughly $1.30 billion consensus estimate. Earnings reached about $1.08 per share, compared with $0.07 a year earlier and estimates near $0.61, while the company also highlighted record profitability and free cash flow. ROKU Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The platform business remains Roku’s primary growth engine. Advertising spending increased 25% and subscriptions rose 26%, supporting higher-margin revenue and stronger engagement. Roku Ad Spend Up 25%, Subscriptions Rise 26%
• Positive Sentiment: Roku said improved search capabilities and artificial intelligence help viewers interpret broad queries and discover content more efficiently. Better discovery could increase viewing time, platform engagement and advertising opportunities. Roku Credits Search and AI
• Neutral Sentiment: Fox’s proposed $22 billion acquisition of Roku remains pending. The transaction may provide strategic support, but Roku is not holding an earnings call or issuing financial guidance while the deal proceeds. Roku Second-Quarter Results
• Negative Sentiment: Despite improving cash flow, Roku’s valuation remains demanding, with a high earnings multiple and mixed signals between discounted-cash-flow estimates and market multiples. Pre-arranged insider sales, including a transaction by President Charles Collier, may also add modest investor caution. Roku Valuation Analysis

Analyst Upgrades and Downgrades

ROKU has been the subject of several recent analyst reports. KeyCorp downgraded shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Benchmark upped their price target on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 1st. Guggenheim lowered Roku from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $145.00 to $160.00 in a research note on Friday. Rosenblatt Securities increased their target price on Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Citizens Jmp lowered Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Nine equities research analysts have rated the stock with a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $155.75.

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised 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 in the last quarter. Bayban boosted its holdings in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter valued at approximately $31,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Roku in the 4th quarter worth approximately $31,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Roku by 208.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after buying an additional 215 shares during the period. 86.30% of the stock is owned by institutional investors.

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.