Roku, Inc. (NASDAQ:ROKU) Insider Charles Collier Sells 7,181 Shares

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 7,181 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $75.00, for a total value of $538,575.00. Following the sale, the insider now owns 10,970 shares of the company's stock, valued at approximately $822,750. The trade was a 39.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Roku Stock Performance

Shares of Roku stock traded up $3.95 during trading on Friday, hitting $78.55. 5,681,412 shares of the company's stock were exchanged, compared to its average volume of 3,830,156. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of -88.26 and a beta of 2.06. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The business has a 50-day simple moving average of $65.61 and a 200-day simple moving average of $74.44.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Roku's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company earned ($0.35) earnings per share. On average, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of large investors have recently made changes to their positions in ROKU. FMR LLC grew its position in Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Marshall Wace LLP grew its stake in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after acquiring an additional 2,030,036 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock worth $134,222,000 after purchasing an additional 1,563,449 shares during the period. Cadian Capital Management LP acquired a new stake in shares of Roku in the 4th quarter valued at $87,632,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after purchasing an additional 1,082,548 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROKU. UBS Group decreased 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. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price on the stock in a report on Tuesday, March 4th. Needham & Company LLC reiterated a "buy" rating and set a $88.50 price target on shares of Roku in a report on Monday, May 12th. Loop Capital decreased their target price on Roku from $90.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Finally, Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and upped their target price for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $88.37.

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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