Roku (NASDAQ:ROKU) Insider Sells $23,667,805.00 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 205,807 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $115.00, for a total transaction of $23,667,805.00. Following the completion of the transaction, the insider owned 7,700 shares in the company, valued at $885,500. This represents a 96.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Thursday, March 5th, Charles Collier sold 1,715 shares of Roku stock. The stock was sold at an average price of $100.00, for a total transaction of $171,500.00.
• On Tuesday, March 3rd, Charles Collier sold 1,715 shares of Roku stock. The stock was sold at an average price of $95.57, for a total transaction of $163,902.55.

Roku Trading Down 3.9%

ROKU stock traded down $4.62 during trading on Tuesday, reaching $114.11. The stock had a trading volume of 2,800,776 shares, compared to its average volume of 2,312,871. Roku, Inc. has a 1-year low of $58.55 and a 1-year high of $120.00. The company has a market capitalization of $16.82 billion, a P/E ratio of 208.30 and a beta of 2.00. The firm has a fifty day moving average price of $96.70 and a 200 day moving average price of $100.03.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that Roku, Inc. will post 2.1 EPS for the current year.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Rally and technical breakout ahead of Q1 — Roku had a multi‑week run (seven consecutive up days, 14 of 15 sessions) and recently broke out of a double‑bottom base, which helped push the stock toward a multi‑year high as traders positioned ahead of its Q1 report. Why Roku Stock Is At A 4-Year High Ahead Of Its Q1 Report
• Positive Sentiment: New engagement feature — Roku launched “Roku City Dash,” an arcade‑style home‑screen game that can raise user engagement and stickiness for the platform; positive for ad/impression growth if it increases watch or interaction time. Roku City Officially Has Its Own Arcade Game
• Positive Sentiment: Content / channel additions — Roku quietly added 22 free channels, expanding content options on the platform and supporting its ad‑supported streaming growth narrative. Roku Quietly Adds 22 Free Channels for Customers
• Neutral Sentiment: Increased investor attention / volume — Several outlets note rising user/investor interest and more eyeballs on ROKU, which can amplify moves in either direction depending on Q1 results and guidance. Roku, Inc. (ROKU) is Attracting Investor Attention
• Negative Sentiment: Short‑term pullback/profit‑taking — After the recent surge, Roku shares eased today (trading down versus the prior session); one write‑up highlights the stock falling more than the broader market, consistent with traders trimming positions after the run. Roku (ROKU) Falls More Steeply Than Broader Market

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in shares of Roku by 345.4% during the 3rd quarter. CWM LLC now owns 84,010 shares of the company’s stock valued at $8,412,000 after buying an additional 65,150 shares during the last quarter. Accurate Wealth Management LLC bought a new stake in shares of Roku during the 3rd quarter valued at about $1,115,000. AGF Management Ltd. bought a new stake in shares of Roku during the 3rd quarter valued at about $15,023,000. Convergence Investment Partners LLC bought a new stake in shares of Roku during the 3rd quarter valued at about $2,492,000. Finally, Holocene Advisors LP grew its position in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after buying an additional 1,285,585 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROKU. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Roku in a report on Friday, February 13th. Rosenblatt Securities raised shares of Roku from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $106.00 to $118.00 in a research report on Friday, February 13th. Bank of America boosted their target price on shares of Roku from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $160.00 target price on shares of Roku in a research report on Monday, March 2nd. Finally, Moffett Nathanson reissued a “neutral” rating and issued a $100.00 target price on shares of Roku in a research report on Friday, February 13th. Twenty-one investment analysts have rated the stock with a Buy rating and five 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 $128.21.

Roku Company Profile

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.