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

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 7,067 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total transaction of $899,346.42. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $1,934,352. The trade was a 31.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Monday, May 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $100.00, for a total transaction of $171,500.00.

Roku Stock Up 2.8%

NASDAQ:ROKU opened at $125.59 on Friday. The company’s 50 day moving average price is $114.77 and its 200-day moving average price is $105.03. Roku, Inc. has a 52 week low of $73.65 and a 52 week high of $133.46. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 94.43 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current year.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand The Roku Channel with new free live TV offerings, including Sports Illustrated and FIFA Plus channels, which should help drive engagement and ad-supported viewing. Article Title
• Positive Sentiment: Roku also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, underscoring management’s push to grow device sales and premium streaming adoption. Article Title
• Positive Sentiment: Multiple bullish articles highlighted Roku’s rising scale, including claims that the company is now in 100 million households worldwide and is better positioned for live sports and ad-supported streaming growth. Article Title
• Positive Sentiment: Coverage praising Roku’s expanding channel lineup and its $300 QLED smart TV suggests the company is strengthening its hardware-and-platform ecosystem. Article Title
• Neutral Sentiment: Roku’s presentation at the Evercore Global TMT Conference kept investors focused on the company’s strategy and outlook, but the transcript itself is not a direct catalyst. Article Title
• Negative Sentiment: Several insiders sold shares, including a director, SVP, CAO and another executive; the transactions were pre-planned and tied to tax withholding, but insider selling can still pressure sentiment. Article Title
• Negative Sentiment: A broader pullback in growth stocks, driven by higher Treasury yields and a softer advertising outlook, also weighed on Roku because its business is closely tied to ad spending. Article Title

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Roku by 2.5% in the third quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock worth $1,301,557,000 after purchasing an additional 322,858 shares during the last quarter. AQR Capital Management LLC raised its position in Roku by 10.6% in the fourth quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock worth $310,298,000 after acquiring an additional 274,024 shares during the period. Geode Capital Management LLC raised its position in Roku by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after acquiring an additional 168,214 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Roku by 229.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after acquiring an additional 1,419,772 shares during the period. Finally, Holocene Advisors LP raised its position in Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after acquiring an additional 1,285,585 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ROKU shares. Susquehanna increased their price target on shares of Roku from $130.00 to $160.00 and gave the company a “positive” rating in a report on Friday, May 1st. Robert W. Baird raised their target price on shares of Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Rosenblatt Securities raised their target price on shares of Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Moffett Nathanson restated a “neutral” rating and issued a $100.00 target price on shares of Roku in a report on Friday, February 13th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Roku has an average rating of “Moderate Buy” and an average target price of $145.29.

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.