Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 3,590 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $85.00, for a total transaction of $305,150.00. Following the transaction, the insider now owns 7,380 shares in the company, valued at approximately $627,300. This trade represents a 32.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
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 Trading Down 0.5%
Shares of NASDAQ:ROKU traded down $0.44 during midday trading on Friday, hitting $80.99. 2,586,527 shares of the stock were exchanged, compared to its average volume of 3,857,824. The stock has a market cap of $11.82 billion, a P/E ratio of -110.94 and a beta of 2.09. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a 50 day moving average price of $69.54 and a 200-day moving average price of $75.12.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly 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 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 was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.35) EPS. On average, equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Roku by 23.9% in the 4th 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 last quarter. United Advisor Group LLC raised its stake in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares during the last quarter. Cerity Partners LLC raised its stake in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after purchasing an additional 145 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after purchasing an additional 160 shares during the last quarter. Finally, Richard W. Paul & Associates LLC raised its stake in Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock valued at $1,189,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ROKU shares. UBS Group decreased their price target on Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Pivotal Research decreased their price target on Roku from $125.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Roku in a report on Monday, June 16th. Citigroup reaffirmed a "neutral" rating and set a $84.00 price target (up from $68.00) on shares of Roku in a report on Wednesday. Finally, FBN Securities started coverage on Roku in a report on Friday, March 28th. They set an "outperform" rating and a $93.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.93.
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About Roku
(
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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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