Insider Selling: Roku (NASDAQ:ROKU) Insider Sells 112,961 Shares of Stock

Key Points

• Roku insider Charles Collier sold 112,961 shares of stock on October 1st, significantly reducing his ownership by 99.82% to just 200 shares, worth $21,000.
• Roku's stock price reached $103.84 with a market cap of $15.30 billion, experiencing a 12-month low of $52.43 and a high of $105.45.
• Analysts have raised price targets for Roku, with the average price target now at $101.33, indicating a moderately positive outlook on the stock.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 112,961 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $105.00, for a total value of $11,860,905.00. Following the completion of the transaction, the insider directly owned 200 shares in the company, valued at $21,000. The trade was a 99.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 4th, Charles Collier sold 10,269 shares of Roku stock. The stock was sold at an average price of $99.14, for a total value of $1,018,068.66.
• On Wednesday, September 3rd, Charles Collier sold 14,361 shares of Roku stock. The stock was sold at an average price of $97.06, for a total value of $1,393,878.66.
• On Friday, August 22nd, Charles Collier sold 10,269 shares of Roku stock. The stock was 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.

Roku Price Performance

Shares of ROKU stock traded up $0.27 during trading hours on Thursday, reaching $103.84. 2,888,136 shares of the company traded hands, compared to its average volume of 3,895,799. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $105.45. The company has a market cap of $15.30 billion, a P/E ratio of -247.24, a P/E/G ratio of 14.02 and a beta of 2.13. The firm has a 50-day moving average price of $93.44 and a 200 day moving average price of $80.48.

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

Institutional Trading of Roku

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Roku by 19.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company's stock valued at $463,000 after purchasing an additional 1,024 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Roku by 14,242.3% in the 1st quarter. GAMMA Investing LLC now owns 67,552 shares of the company's stock worth $4,758,000 after buying an additional 67,081 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Roku by 140.0% in the 1st quarter. Parallel Advisors LLC now owns 2,141 shares of the company's stock worth $151,000 after buying an additional 1,249 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Roku by 17.2% in the 1st quarter. Merit Financial Group LLC now owns 10,111 shares of the company's stock worth $712,000 after buying an additional 1,487 shares during the period. Finally, Fluent Financial LLC lifted its holdings in shares of Roku by 99.6% in the 1st quarter. Fluent Financial LLC now owns 17,727 shares of the company's stock worth $1,249,000 after buying an additional 8,845 shares during the period. Institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

ROKU has been the topic of a number of analyst reports. Loop Capital raised Roku from a "hold" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $100.00 in a research report on Tuesday, June 17th. KeyCorp lifted their price objective on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their price target on Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Guggenheim boosted their price target on Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Susquehanna boosted their price target on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average price target of $101.33.

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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