Insider Selling: Roku (NASDAQ:ROKU) Insider Sells 10,269 Shares of Stock

Key Points

• Roku insider Charles Collier sold 10,269 shares of stock at an average price of $95, totaling approximately $975,555, significantly reducing his holdings by 98.09%.
• The company recently reported earnings, with $1.11 billion in revenue for the quarter, surpassing analyst estimates of $1.07 billion, and achieving a notable 14.7% year-over-year revenue increase.
• Several research firms have upgraded their ratings on Roku, with price targets raised to between $95 and $110, reflecting positive analyst sentiment towards the company's future performance.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 10,269 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $95.00, for a total value of $975,555.00. Following the sale, the insider owned 200 shares of the company's stock, valued at approximately $19,000. This trade represents a 98.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, July 21st, Charles Collier sold 212,559 shares of Roku stock. The stock was 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 stock was sold at an average price of $85.00, for a total value of $305,150.00.
• On Thursday, June 5th, Charles Collier sold 7,181 shares of Roku stock. The shares were sold at an average price of $75.00, for a total value of $538,575.00.

Roku Trading Down 0.2%

ROKU stock traded down $0.23 during midday trading on Monday, reaching $93.99. 3,845,749 shares of the company's stock traded hands, compared to its average volume of 4,845,421. The company has a 50-day simple moving average of $87.69 and a two-hundred day simple moving average of $77.72. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the topic of several recent research reports. Wall Street Zen raised Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group lifted their target price on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Needham & Company LLC lifted their target price on Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities boosted their price target on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.96.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marex Group plc bought a new stake in shares of Roku during the 2nd quarter valued at approximately $2,538,000. Advisory Services Network LLC boosted its position in Roku by 5.5% during the 2nd quarter. Advisory Services Network LLC now owns 22,146 shares of the company's stock worth $2,085,000 after buying an additional 1,162 shares during the period. State of Wyoming boosted its position in Roku by 353.3% during the 2nd quarter. State of Wyoming now owns 10,448 shares of the company's stock worth $918,000 after buying an additional 8,143 shares during the period. Hudson Bay Capital Management LP boosted its position in Roku by 1,417.2% during the 2nd quarter. Hudson Bay Capital Management LP now owns 384,000 shares of the company's stock worth $33,750,000 after buying an additional 358,690 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Roku by 1,354.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,138 shares of the company's stock worth $188,000 after buying an additional 1,991 shares during the period. 86.30% of the stock is owned by institutional investors.

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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