Roku (NASDAQ:ROKU) Insider Charles Collier Sells 7,067 Shares

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 7,067 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $1,108,529.62. Following the completion of the sale, the insider directly owned 22,700 shares of the company’s stock, valued at approximately $3,560,722. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

Charles Collier also recently made the following trade(s):

• On Tuesday, August 4th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $145.93, for a total value of $2,997,110.34.
• On Monday, July 6th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $142.51, for a total value of $2,926,870.38.

Roku Trading Up 0.4%

ROKU opened at $158.31 on Friday. The stock’s fifty day simple moving average is $148.16 and its 200 day simple moving average is $124.48. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $159.89. The stock has a market cap of $23.50 billion, a PE ratio of 67.65 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. Equities analysts forecast that Roku, Inc. will post 2.85 earnings per share for the current year.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new stake in shares of Roku during the 4th quarter valued at $1,345,000. Moran Wealth Management LLC bought a new stake in Roku during the 1st quarter worth $2,990,000. Bank of New York Mellon Corp acquired a new position in Roku in the 2nd quarter worth about $105,216,000. Contravisory Investment Management Inc. bought a new position in Roku in the second quarter valued at about $1,184,000. Finally, California Public Employees Retirement System raised its position in Roku by 14.8% in the first quarter. California Public Employees Retirement System now owns 260,774 shares of the company’s stock valued at $24,674,000 after purchasing an additional 33,593 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ROKU. Citizens Jmp cut shares of Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Wolfe Research cut Roku from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Wedbush downgraded Roku from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a research report on Tuesday, June 16th. Weiss Ratings upgraded Roku from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. began coverage on Roku in a report on Monday, August 24th. They set a “neutral” rating and a $160.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $156.17.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Positive earnings revisions: Zacks said Roku has an improving earnings outlook and assigned the company a No. 1, “Strong Buy,” ranking. Upward EPS revisions can support investor confidence in future profitability. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: Technical momentum improved: Roku recently moved above its 20-day moving average, a signal that short-term buying momentum may be strengthening and that the stock has found support. Roku Just Overtook the 20-Day Moving Average
• Positive Sentiment: OLED expansion draws attention: Roku launched its Pro Series OLED televisions starting at $999. The move could give Roku greater influence over premium TV products and potentially create additional hardware and platform monetization opportunities. Roku’s $999 OLED Could Change How TV Makers Make Money
• Neutral Sentiment: Retail promotion: Best Buy is offering a $200 discount on a 75-inch Roku QLED 4K television. The promotion may increase product visibility and unit sales, although the discount could pressure hardware margins. Best Buy Roku QLED TV Promotion
• Negative Sentiment: Several insiders sold shares: Executives and a director collectively sold roughly 20,800 shares worth about $3.25 million. However, the transactions were made under pre-arranged Rule 10b5-1 plans, and most were specifically intended to cover tax withholding on vested equity awards. This reduces the bearish significance, though the cluster of sales could still weigh modestly on sentiment. Roku Insider Transaction Filing

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.