Charles Collier Sells 15,454 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 15,454 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the sale, the insider now owns 200 shares of the company’s stock, valued at $15,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Price Performance

Shares of Roku stock traded up $0.56 during midday trading on Friday, hitting $74.69. 3,085,749 shares of the company were exchanged, compared to its average volume of 4,606,865. The firm has a 50 day simple moving average of $61.63 and a 200-day simple moving average of $60.66. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The firm has a market cap of $10.81 billion, a P/E ratio of -18.65 and a beta of 2.06.

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

Institutional Trading of Roku

Large investors have recently added to or reduced their stakes in the company. Swedbank AB acquired a new position in shares of Roku in the 1st quarter worth approximately $1,180,000. Vanguard Personalized Indexing Management LLC increased its holdings in Roku by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,381 shares of the company’s stock valued at $1,043,000 after purchasing an additional 914 shares in the last quarter. SG Americas Securities LLC raised its position in Roku by 238.6% in the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock valued at $4,407,000 after purchasing an additional 51,815 shares during the last quarter. Norges Bank acquired a new position in Roku in the fourth quarter worth $90,386,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Roku by 23.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock worth $4,094,000 after buying an additional 11,851 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ROKU. JPMorgan Chase & Co. lowered their price target on Roku from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Macquarie dropped their price target on shares of Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Wedbush restated an “outperform” rating and set a $75.00 price target on shares of Roku in a report on Friday, August 2nd. Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $50.00 to $72.00 in a report on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and an average price target of $78.25.

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.