Roku (NASDAQ:ROKU) Insider Charles Collier Sells 20,537 Shares

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,537 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Tuesday, June 2nd, Charles Collier sold 7,067 shares of Roku stock. The stock was 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 shares were 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 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 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 Stock Up 1.1%

NASDAQ:ROKU opened at $123.57 on Tuesday. The stock’s 50 day moving average price is $116.01 and its two-hundred day moving average price is $105.41. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 92.91 and a beta of 2.06. Roku, Inc. has a 12-month low of $73.91 and a 12-month high of $133.46.

Roku (NASDAQ:ROKU) last issued 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. 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 revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.19) EPS. Equities research analysts expect that Roku, Inc. will post 2.41 EPS for the current year.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position 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 acquiring an additional 204 shares during the period. Aventura Private Wealth LLC bought a new stake in Roku in the 4th quarter valued at about $26,000. Bayban grew its position in shares of Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Roku during the 4th quarter worth approximately $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Roku during the fourth quarter worth approximately $31,000. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Pivotal Research reiterated a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Roku in a report on Friday, May 1st. Citizens Jmp restated a “market outperform” rating and set a $170.00 target price on shares of Roku in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Robert W. Baird upped their price target on shares of Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, KeyCorp increased their price target on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and an average target price of $145.29.

Roku Company Profile

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.