Charles Collier Sells 20,538 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,538 shares of Roku stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $145.93, for a total value of $2,997,110.34. Following the completion of the transaction, the insider owned 15,200 shares in the company, valued at $2,218,136. The trade was a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 Monday, July 6th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $142.51, for a total value of $2,926,870.38.
• On Thursday, June 4th, Charles Collier sold 20,537 shares of Roku stock. The stock was sold at an average price of $124.94, for a total value of $2,565,892.78.
• 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 value of $899,346.42.

Roku Trading Up 2.1%

Shares of Roku stock opened at $150.07 on Friday. The company’s fifty day simple moving average is $137.93 and its 200-day simple moving average is $116.04. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 112.84 and a beta of 2.01. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $150.61.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported adjusted earnings of $1.08 per share, well above the approximately $0.60–$0.61 analyst consensus, while revenue rose 21.9% year over year to $1.35 billion, exceeding estimates of about $1.30 billion. Net income reached $164 million, compared with $0.07 per share in the year-ago quarter. Reuters earnings report
• Positive Sentiment: The revenue beat was driven by strength in advertising and subscriptions, reinforcing Roku’s platform business as its primary growth engine and supporting the investment case for its streaming ecosystem. Yahoo Finance advertising and subscriptions report
• Positive Sentiment: The results arrive ahead of Fox Corporation’s planned $22 billion acquisition of Roku, potentially increasing investor confidence in the strategic value of Roku’s streaming distribution platform. Roku second-quarter results release
• Neutral Sentiment: Because the Fox transaction is pending, Roku did not hold an earnings call or provide financial guidance. This limits visibility into the company’s standalone outlook and makes the acquisition terms and closing timeline more important to shareholders. Benzinga earnings coverage
• Negative Sentiment: Several insiders, including President Charles Collier, Director Neil Hunt and Chief Accounting Officer Matthew Banks, recently sold shares under pre-arranged Rule 10b5-1 plans. The sales may create modest sentiment pressure, although they were scheduled transactions rather than clear discretionary signals. Roku insider sale report

Institutional Investors Weigh In On Roku

Large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its position in Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. Bayban lifted its holdings 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 acquiring an additional 260 shares during the period. WPG Advisers LLC bought a new position in shares of Roku during the fourth quarter valued at $31,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Roku in the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wolfe Research lowered Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Pivotal Research restated a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Benchmark boosted their price objective on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $155.12.

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.