Key Points
- Roku insider Charles Collier sold 20,537 shares on June 4 for about $2.57 million at an average price of $124.94. After the sale, he still owned 15,200 shares, and the transaction was made under a pre-arranged Rule 10b5-1 plan.
- Collier has been an active seller recently, including multiple large stock sales in April and June. The June 4 transaction follows a series of prior disposals totaling tens of millions of dollars.
- Roku’s business results and analyst sentiment remain solid, with the company recently beating quarterly earnings and revenue estimates and posting 22.4% year-over-year revenue growth. Analysts currently have a consensus “Moderate Buy” rating with an average price target of $145.29.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) 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 value of $2,565,892.78. Following the completion of the transaction, the insider directly owned 15,200 shares of the company's stock, valued at $1,899,088. This represents a 57.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $127.26, for a total value 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 value 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 value of $23,667,805.00.
- On Thursday, April 16th, Charles Collier sold 3,431 shares of Roku stock. The shares were 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 transaction of $21,611,205.00.
Roku Stock Up 1.1%
Shares of Roku stock opened at $123.57 on Tuesday. Roku, Inc. has a 12-month low of $73.91 and a 12-month high of $133.46. The company has a market capitalization of $18.22 billion, a price-to-earnings ratio of 92.91 and a beta of 2.06. The firm's 50-day moving average price is $116.01 and its two-hundred day moving average price is $105.41.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.57 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 company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the company earned ($0.19) EPS. The business's revenue for the quarter was up 22.4% compared to the same quarter last year. On average, sell-side analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on ROKU shares. UBS Group set a $170.00 target price on Roku in a research note on Thursday, May 28th. Robert W. Baird boosted their price target on Roku from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Monday, May 11th. Citizens Jmp restated a "market outperform" rating and set a $170.00 price objective on shares of Roku in a research report on Thursday, May 28th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $100.00 price objective on shares of Roku in a research note on Friday, February 13th. Finally, Rosenblatt Securities lifted their target price on Roku from $118.00 to $150.00 and gave the company a "buy" rating in a research report 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $145.29.
Read Our Latest Research Report on ROKU
Institutional Trading of Roku
A number of hedge funds and other institutional investors have recently modified their holdings of ROKU. Empowered Funds LLC grew its position in Roku by 18.6% during the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company's stock worth $232,000 after acquiring an additional 515 shares during the last quarter. Focus Partners Wealth bought a new position in Roku in the first quarter valued at about $229,000. EverSource Wealth Advisors LLC raised its position in Roku by 145.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company's stock valued at $123,000 after purchasing an additional 826 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Roku by 231.0% during the second quarter. First Trust Advisors LP now owns 70,786 shares of the company's stock valued at $6,221,000 after purchasing an additional 49,399 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of Roku during the second quarter valued at about $326,000. Institutional investors own 86.30% of the company's stock.
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.
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