Roku (NASDAQ:ROKU) Insider Sells $3,114,176.94 in Stock

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 20,538 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $151.63, for a total transaction of $3,114,176.94. Following the transaction, the insider owned 22,700 shares of the company’s stock, valued at $3,442,001. This trade represents a 47.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 4th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $156.99, for a total transaction of $3,224,260.62.
• On Wednesday, September 2nd, Charles Collier sold 7,067 shares of Roku stock. The stock was sold at an average price of $156.86, for a total transaction of $1,108,529.62.
• On Tuesday, August 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $145.93, for a total transaction of $2,997,110.34.

Roku Trading Up 0.4%

Shares of NASDAQ:ROKU traded up $0.67 during trading on Wednesday, reaching $152.73. The company’s stock had a trading volume of 1,210,083 shares, compared to its average volume of 3,347,519. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $159.89. The firm’s 50 day simple moving average is $153.82 and its two-hundred day simple moving average is $134.15. The stock has a market capitalization of $22.67 billion, a PE ratio of 65.27 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. Research analysts anticipate that Roku, Inc. will post 2.92 EPS for the current fiscal year.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: More free content could strengthen Roku’s platform. Roku added three free live channels, potentially increasing engagement on The Roku Channel and creating additional advertising inventory. Roku just added 3 free live channels to its lineup
• Positive Sentiment: New programming supports Roku’s content ambitions. Lucy Hale will headline Scarlett Holmes, a limited series being developed for Roku, adding original content that could help attract viewers and advertisers. Lucy Hale to headline Scarlett Holmes
• Positive Sentiment: Some analysts see continued growth in streaming and advertising. Zacks included ROKU among growth stocks to consider for the fourth quarter, while a separate Zacks report highlighted the stock’s recent investor interest. Zacks growth stock recommendation
• Positive Sentiment: A potential Fox-related transaction is viewed as a growth catalyst. Seeking Alpha argues that Fox’s interest or acquisition plans could expand Roku’s reach in the living-room media market, although investors should distinguish this thesis from a completed transaction. Fox acquisition boosts Roku growth prospects
• Neutral Sentiment: Product promotion may boost demand but could pressure margins. Roku’s new 65-inch 4K OLED television is discounted to $799.99 for October Prime Day, improving consumer visibility while offering limited evidence of broader profitability. Roku OLED TV Prime Day deal
• Negative Sentiment: Insider selling is a modest sentiment headwind. CAO Matthew Banks sold 554 shares for approximately $84,000, while director Neil Hunt sold 2,000 shares for about $302,000. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as a signal of deteriorating business conditions. Roku insider selling

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $160.00 target price on shares of Roku in a research report on Monday, August 10th. Seaport Research Partners downgraded Roku from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Susquehanna lowered shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating on shares of Roku in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Roku in a research note on Monday, August 24th. They issued a “neutral” rating and a $160.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, Roku presently has an average rating of “Hold” and a consensus target price of $156.17.

Hedge Funds Weigh In On Roku

Large investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC grew its position in Roku by 52.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 485 shares of the company’s stock valued at $74,000 after acquiring an additional 167 shares during the last quarter. CX Institutional lifted its position in shares of Roku by 44.1% during the third quarter. CX Institutional now owns 281 shares of the company’s stock worth $43,000 after purchasing an additional 86 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Roku by 13.9% during the second quarter. QRG Capital Management Inc. now owns 6,872 shares of the company’s stock worth $949,000 after purchasing an additional 841 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Roku during the second quarter valued at $163,604,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Roku by 22.4% during the second quarter. Sequoia Financial Advisors LLC now owns 6,018 shares of the company’s stock valued at $831,000 after purchasing an additional 1,102 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.

The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.