Key Points
- Insider sale: Roku director Charles Collier sold 205,821 shares on April 8 at an average price of $105 (about $21.6M), reducing his stake by 94.87% to 11,131 shares; the transaction was made under a pre‑arranged Rule 10b5‑1 plan.
- Earnings beat: Roku reported Q results on Feb. 12 with $0.53 EPS vs. $0.28 expected and revenue of $1.39B (up 16.1% YoY), while the company has a market cap near $15.1B.
- Analyst and ownership backdrop: Analysts are mostly bullish (consensus "Moderate Buy" with a $127.58 average price target) and institutional investors own about 86.3% of the stock.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 205,821 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares in the company, valued at $1,168,755. This trade represents a 94.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Thursday, March 5th, Charles Collier sold 1,715 shares of Roku stock. The shares were sold at an average price of $100.00, for a total value of $171,500.00.
- On Tuesday, March 3rd, Charles Collier sold 1,715 shares of Roku stock. The shares were sold at an average price of $95.57, for a total value of $163,902.55.
Roku Price Performance
Shares of NASDAQ ROKU opened at $102.47 on Friday. The business's 50-day moving average price is $93.77 and its two-hundred day moving average price is $99.52. Roku, Inc. has a one year low of $57.01 and a one year high of $116.66. The company has a market capitalization of $15.11 billion, a P/E ratio of 179.78 and a beta of 2.00.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.25. Roku had a return on equity of 3.40% and a net margin of 1.87%.The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The business's quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.
Hedge Funds Weigh In On Roku
Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in shares of Roku by 21.2% during the 4th quarter. Hsbc Holdings PLC now owns 16,733 shares of the company's stock worth $1,837,000 after purchasing an additional 2,929 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Roku by 0.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 286,721 shares of the company's stock worth $31,106,000 after purchasing an additional 2,221 shares during the last quarter. Osbon Capital Management LLC acquired a new position in shares of Roku during the 4th quarter worth about $45,000. World Investment Advisors acquired a new position in shares of Roku during the 4th quarter worth about $291,000. Finally, Corient Private Wealth LLC lifted its position in shares of Roku by 75.1% during the 4th quarter. Corient Private Wealth LLC now owns 26,841 shares of the company's stock worth $2,912,000 after purchasing an additional 11,508 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.
Analyst Upgrades and Downgrades
ROKU has been the topic of a number of recent research reports. Pivotal Research raised their price target on shares of Roku from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, February 16th. Evercore restated an "outperform" rating and set a $150.00 price target on shares of Roku in a report on Friday, February 13th. Stifel Nicolaus set a $160.00 price target on Roku in a research note on Monday, March 2nd. Oppenheimer upped their price target on Roku from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Finally, Citigroup reiterated a "market outperform" rating on shares of Roku in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Roku currently has an average rating of "Moderate Buy" and a consensus price target of $127.58.
Check Out Our Latest Analysis on ROKU
About Roku
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
