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

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,537 shares of Roku stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $124.94, for a total transaction of $2,565,892.78. Following the completion of the sale, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $1,899,088. The trade was a 57.47% 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 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 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 Trading Up 1.1%

Roku stock traded up $1.31 on Monday, reaching $123.57. 3,621,655 shares of the stock were exchanged, compared to its average volume of 1,870,279. The stock has a market cap of $18.22 billion, a PE ratio of 92.91 and a beta of 2.06. Roku, Inc. has a twelve month low of $73.91 and a twelve month high of $133.46. The firm has a fifty day moving average price of $116.01 and a two-hundred day moving average price of $105.41.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) EPS. Equities analysts anticipate that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ROKU. Jefferies Financial Group boosted their target price on shares of Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. UBS Group set a $170.00 target price on shares of Roku in a research report on Thursday, May 28th. Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. Moffett Nathanson reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, February 13th. Finally, Oppenheimer upped their price objective on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.29.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Roku during the fourth quarter valued at about $26,000. Bayban raised its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Roku during the fourth quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Roku in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.