Roku, Inc. (NASDAQ:ROKU) Insider Sells $1,159,050.00 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 15,454 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the completion of the sale, the insider now directly owns 200 shares in the company, valued at $15,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, July 16th, Charles Collier sold 3,590 shares of Roku stock. The stock was sold at an average price of $65.00, for a total value of $233,350.00.

Roku Stock Up 0.8 %

NASDAQ:ROKU opened at $74.69 on Monday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The firm’s 50 day moving average is $61.88 and its two-hundred day moving average is $60.69. The company has a market cap of $10.81 billion, a P/E ratio of -18.72 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The firm had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. During the same quarter last year, the firm earned ($0.76) earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts forecast that Roku, Inc. will post -1.45 earnings per share for the current fiscal year.

Institutional Trading of Roku

Institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Roku by 24.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after buying an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of Roku by 25.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after acquiring an additional 1,455,408 shares during the period. Norges Bank purchased a new stake in Roku during the 4th quarter worth $90,386,000. Quadrature Capital Ltd acquired a new stake in Roku in the 4th quarter valued at $35,856,000. Finally, Vanguard Group Inc. increased its holdings in Roku by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock valued at $1,086,533,000 after purchasing an additional 380,409 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ROKU shares. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, August 23rd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $75.00 target price on shares of Roku in a research report on Friday, August 2nd. Rosenblatt Securities reduced their price target on shares of Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.25.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.