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

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 212,559 shares of Roku stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the transaction, the insider directly owned 200 shares of the company's stock, valued at $19,000. This represents a 99.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

Roku Stock Performance

Shares of Roku stock traded down $2.14 on Tuesday, hitting $89.55. The company had a trading volume of 2,899,856 shares, compared to its average volume of 3,820,162. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock has a 50 day moving average of $80.28 and a 200-day moving average of $76.26.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results 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. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. Roku's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned ($0.35) earnings per share. Equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. FBN Securities started coverage on shares of Roku in a report on Friday, March 28th. They set an "outperform" rating and a $93.00 price target on the stock. UBS Group lowered their price target on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Monday, April 7th. KeyCorp raised Roku from a "sector weight" rating to an "overweight" rating and set a $115.00 price target on the stock in a research report on Thursday, July 10th. Finally, Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Roku in a report on Monday, June 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and an average target price of $93.92.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Roku during the fourth quarter worth about $2,950,000. Farther Finance Advisors LLC lifted its position in Roku by 23.9% in the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares during the period. Xponance Inc. lifted its position in Roku by 14.6% in the fourth quarter. Xponance Inc. now owns 14,036 shares of the company's stock valued at $1,043,000 after purchasing an additional 1,783 shares during the period. Harvest Fund Management Co. Ltd lifted its position in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Roku by 83.7% during the 4th quarter. American Century Companies Inc. now owns 49,593 shares of the company's stock valued at $3,687,000 after acquiring an additional 22,600 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Company Profile

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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