Key Points
- Roku insider Charles Collier sold 7,067 shares on June 2 at an average price of $127.26, generating about $899,346. The sale was made under a pre-arranged 10b5-1 plan and was tied to tax withholding from vesting equity awards.
- After the transaction, Collier still owned 15,200 Roku shares, though the sale reduced his holdings by about 31.74%. The filing was disclosed with the SEC.
- Roku has been trading near its recent highs after a strong earnings report, with revenue and EPS both beating expectations. Analysts remain generally upbeat, with a consensus rating of Moderate Buy and a target price around $145.29.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew Banks sold 546 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total transaction of $69,483.96. Following the completion of the sale, the chief accounting officer directly owned 7,725 shares in the company, valued at approximately $983,083.50. This represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Roku Trading Down 3.9%
Shares of NASDAQ:ROKU opened at $122.20 on Thursday. Roku, Inc. has a 52 week low of $72.75 and a 52 week high of $133.46. The company's 50 day moving average is $114.17 and its two-hundred day moving average is $104.85. The company has a market cap of $18.02 billion, a PE ratio of 91.88 and a beta of 2.06.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business 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 business posted ($0.19) EPS. The company's revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities research analysts expect that Roku, Inc. will post 2.41 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently issued reports on ROKU. Jefferies Financial Group upped their target price on shares of Roku from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, April 13th. Rosenblatt Securities upped their target price on shares of Roku from $118.00 to $150.00 and gave the company a "buy" rating in a report on Friday, May 1st. Oppenheimer upped their target price on shares of Roku from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, February 13th. Guggenheim increased their price target on shares of Roku from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of Roku from $137.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and an average target price of $145.29.
Read Our Latest Analysis on Roku
Key Headlines Impacting Roku
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Roku was highlighted in a bullish article that said the company is now in 100 million households worldwide and is positioning itself as a key destination for live sports content, including the addition of FOX One ahead of major World Cup coverage. Article Title
- Positive Sentiment: Investor sentiment remains supported by Roku’s recent earnings beat, with the company previously reporting stronger-than-expected revenue and EPS, which continues to reinforce the growth story behind the stock.
- Neutral Sentiment: Roku presented at the 2026 Evercore Global TMT Conference, which may have helped keep investor focus on the company’s growth strategy and outlook. Article Title
- Negative Sentiment: Several Roku insiders, including an SVP, CAO, director, and other executives, filed stock sales totaling thousands of shares. The sales were made under pre-arranged 10b5-1 plans and for tax withholding, but insider selling can still weigh on sentiment. Article Title
- Negative Sentiment: Broader market pressure on growth stocks also hurt Roku, as rising Treasury yields compressed valuations and geopolitical uncertainty clouded the advertising outlook, both of which are important for a company tied to ad spending. Article Title
Institutional Trading of Roku
A number of large investors have recently bought and sold shares of ROKU. Raleigh Capital Management Inc. boosted its position in shares of Roku by 6.5% in the first quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company's stock worth $144,000 after acquiring an additional 93 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company's stock worth $700,000 after acquiring an additional 96 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Roku by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company's stock worth $273,000 after acquiring an additional 100 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in Roku by 1.0% during the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company's stock valued at $995,000 after buying an additional 100 shares in the last quarter. Finally, Quantum Portfolio Management LLC lifted its position in Roku by 2.6% during the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company's stock valued at $391,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.
Roku Company Profile
(
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.
See Also
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].
