Charles Collier Sells 14,361 Shares of Roku (NASDAQ:ROKU) Stock

Key Points

• Insider Charles Collier sold 14,361 shares of Roku stock on September 3rd, resulting in a 98.63% decrease in his ownership, now holding only 200 shares.
• Roku's stock price fell 1.3% to $97.15, with a market cap of $14.31 billion and a one-year high of $104.96.
• Several analysts have slashed their price targets for Roku, with the consensus rating being a "Moderate Buy" and a target price of $98.96.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 14,361 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $97.06, for a total value of $1,393,878.66. Following the completion of the transaction, the insider owned 200 shares of the company's stock, valued at $19,412. This represents a 98.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, September 4th, Charles Collier sold 10,269 shares of Roku stock. The shares were sold at an average price of $99.14, for a total value of $1,018,068.66.
• On Friday, August 22nd, Charles Collier sold 10,269 shares of Roku stock. The shares were sold at an average price of $95.00, for a total value of $975,555.00.
• On Monday, July 21st, Charles Collier sold 212,559 shares of Roku stock. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00.
• 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.

Roku Stock Down 1.3%

Roku stock traded down $1.32 during trading hours on Thursday, hitting $97.15. The stock had a trading volume of 3,644,815 shares, compared to its average volume of 3,168,355. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of -231.31, a P/E/G ratio of 13.78 and a beta of 2.05. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96. The business's 50 day simple moving average is $89.98 and its 200-day simple moving average is $78.28.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently added to or reduced their stakes in ROKU. Vanguard Group Inc. grew its stake in Roku by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company's stock valued at $1,114,077,000 after acquiring an additional 172,221 shares during the period. Acadian Asset Management LLC grew its stake in Roku by 41.2% in the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company's stock valued at $236,545,000 after acquiring an additional 785,864 shares during the period. Tableaux LLC acquired a new stake in Roku in the second quarter valued at approximately $1,746,000. Jacobs Levy Equity Management Inc. grew its stake in Roku by 21.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company's stock valued at $111,372,000 after acquiring an additional 284,323 shares during the period. Finally, Two Sigma Investments LP grew its stake in Roku by 149.8% in the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock valued at $90,017,000 after acquiring an additional 726,077 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ROKU shares. JPMorgan Chase & Co. increased their price target on Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Bank of America increased their price target on Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Susquehanna increased their price target on Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, August 1st. UBS Group increased their price target on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Piper Sandler increased their price target on Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Roku has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

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.

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