Insider Selling: Roku, Inc. (NASDAQ:ROKU) Insider Sells 3,590 Shares of Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 3,590 shares of Roku stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $85.00, for a total value of $305,150.00. Following the completion of the sale, the insider now directly owns 7,380 shares in the company, valued at $627,300. This represents a 32.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $538,575.00.

Roku Stock Performance

Roku stock traded up $0.80 during mid-day trading on Wednesday, hitting $81.43. 3,091,326 shares of the company were exchanged, compared to its average volume of 3,862,010. The business's 50 day simple moving average is $68.68 and its two-hundred day simple moving average is $75.06. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.35) earnings per share. On average, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Marshall Wace LLP increased its holdings in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after buying an additional 2,030,036 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Roku by 456.7% during the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock valued at $134,222,000 after purchasing an additional 1,563,449 shares during the last quarter. Cadian Capital Management LP bought a new position in shares of Roku during the fourth quarter valued at approximately $87,632,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after purchasing an additional 1,082,548 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. FBN Securities assumed coverage on Roku in a research report on Friday, March 28th. They issued an "outperform" rating and a $93.00 target price on the stock. Rosenblatt Securities cut their price objective on Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company cut their price target on Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Compass Point initiated coverage on Roku in a report on Sunday, March 23rd. They set a "buy" rating on the stock. Finally, Evercore ISI lowered their price objective on Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and an average price target of $89.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.