Charles Collier Sells 20,537 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,537 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $124.94, for a total value of $2,565,892.78. Following the sale, the insider owned 15,200 shares of the company’s stock, valued at $1,899,088. The trade was a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 transaction 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 transaction 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 transaction of $23,667,805.00.
• On Thursday, April 16th, Charles Collier sold 3,431 shares of Roku stock. The stock was sold at an average price of $110.17, for a total transaction 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 Performance

Shares of NASDAQ:ROKU opened at $120.91 on Wednesday. The company has a fifty day moving average of $116.68 and a 200-day moving average of $105.60. The company has a market capitalization of $17.83 billion, a PE ratio of 90.91 and a beta of 2.06. Roku, Inc. has a 52-week low of $73.91 and a 52-week high of $133.46.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.23. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. On average, equities analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to attract upbeat analyst and investor attention, with recent coverage noting strong growth-stock characteristics and a “Moderate Buy” consensus from brokerages. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Positive Sentiment: Promotions around Roku devices and Roku TV sales keep the brand in front of consumers and may support device adoption and platform usage. Walmart’s 50-inch Roku TV is on sale for under $215 this week
• Positive Sentiment: Another deal on Roku hardware suggests ongoing retail demand and broad consumer interest in the company’s streaming ecosystem. Get a Roku Streaming Stick Plus and a month of Fox One for just $25
• Neutral Sentiment: Roku-related entertainment programming announcements help keep the platform visible, but they are unlikely to materially change fundamentals by themselves. ‘Gamechangers: America’s Top 25 Female Athletes’ Special Set At Roku
• Neutral Sentiment: Search interest in ROKU has increased, which suggests the stock is on investors’ radar, but the article itself does not provide a new operational catalyst. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Negative Sentiment: Recent insider selling by Charles Collier may create some caution among investors, even though the sale was made under a pre-arranged 10b5-1 plan. Roku (NASDAQ:ROKU) Insider Sells $2,565,892.78 in Stock
• Negative Sentiment: A report that a permanent ad was added to the Roku home screen could irritate users and raise concern about the user experience, even if the impact on revenue is potentially positive. Your Roku just got a permanent ad on the home screen — here’s how to minimize it

Wall Street Analysts Forecast Growth

ROKU has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Oppenheimer increased their price objective on Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley increased their price objective on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Wells Fargo & Company increased their price objective on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Citigroup restated a “market outperform” rating on shares of Roku in a report on Thursday, May 28th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.50.

Institutional Trading of Roku

A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. Blue Trust Inc. boosted its position in Roku by 680.0% during 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 last quarter. Aventura Private Wealth LLC bought a new stake in Roku during the fourth quarter valued at $26,000. Bayban boosted its position in 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 last quarter. WPG Advisers LLC bought a new stake in Roku during the fourth quarter valued at $31,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Roku during the fourth quarter valued at $31,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.