Charles Collier Sells 205,821 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 205,821 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the sale, the insider directly owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. This trade represents a 94.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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, 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 Stock Performance

ROKU opened at $102.47 on Friday. The firm has a 50 day moving average price of $93.77 and a 200 day moving average price of $99.52. The company has a market cap of $15.11 billion, a PE ratio of 179.78 and a beta of 2.00. Roku, Inc. has a 1 year low of $57.01 and a 1 year high of $116.66.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. On average, sell-side analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ROKU. Oppenheimer upped their price target on Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Weiss Ratings upgraded Roku from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Evercore restated an “outperform” rating and issued a $150.00 price target on shares of Roku in a report on Friday, February 13th. Finally, Rosenblatt Securities upgraded Roku from a “neutral” rating to a “buy” rating and upped their price target for the stock from $106.00 to $118.00 in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares during the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku during the 4th quarter valued at approximately $26,000. Westfuller Advisors LLC purchased a new position in shares of Roku during the 3rd quarter valued at approximately $30,000. WPG Advisers LLC purchased a new position in shares of Roku during the 4th quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Roku during the 4th quarter valued at approximately $31,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.