Charles Collier Sells 212,559 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 212,559 shares of Roku stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00. Following the transaction, the insider owned 200 shares of the company’s stock, valued at $19,000. The trade was a 99.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, June 17th, Charles Collier sold 3,590 shares of Roku stock. The shares were sold at an average price of $85.00, for a total value of $305,150.00.
• On Thursday, June 5th, Charles Collier sold 7,181 shares of Roku stock. The shares were sold at an average price of $75.00, for a total value of $538,575.00.

Roku Stock Up 0.8%

Shares of ROKU stock opened at $90.25 on Thursday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The stock has a market capitalization of $13.17 billion, a P/E ratio of -123.63 and a beta of 2.12. The stock has a 50-day simple moving average of $81.01 and a 200 day simple moving average of $76.45.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned ($0.35) EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after purchasing an additional 121 shares in the last quarter. United Advisor Group LLC raised its position in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares during the last quarter. Cerity Partners LLC raised its position in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after purchasing an additional 145 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Roku by 1.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock worth $1,097,000 after purchasing an additional 160 shares in the last quarter. Finally, True Vision MN LLC lifted its position in shares of Roku by 3.3% during the second quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup reiterated a “neutral” rating and set a $84.00 price objective (up from $68.00) on shares of Roku in a research note on Wednesday, June 18th. Redburn Atlantic upgraded Roku from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, April 7th. UBS Group cut their price objective on Roku from $90.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Piper Sandler upped their price objective on Roku from $65.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Finally, Bank of America raised their price objective on Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $93.92.

About Roku

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.