Roku (NASDAQ:ROKU) Insider Sells $1,018,068.66 in Stock

Key Points

• Roku insider Charles Collier sold 10,269 shares of the company's stock for a total of $1,018,068.66, representing a 98.09% decrease in his ownership.
• The company's stock is currently trading around $97.15, with a market cap of $14.31 billion and a P/E ratio of -231.31.
• Recent analyst ratings for Roku include upgrades from JPMorgan and Wells Fargo, with new price targets set at $105.00 and $113.00, respectively.

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 10,269 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $99.14, for a total transaction of $1,018,068.66. Following the completion of the transaction, the insider owned 200 shares in the company, valued at approximately $19,828. The trade was a 98.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, September 3rd, Charles Collier sold 14,361 shares of Roku stock. The shares were sold at an average price of $97.06, for a total transaction of $1,393,878.66.
• On Friday, August 22nd, Charles Collier sold 10,269 shares of Roku stock. The shares were sold at an average price of $95.00, for a total transaction 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 transaction of $20,193,105.00.
• On Tuesday, June 17th, Charles Collier sold 3,590 shares of Roku stock. The shares were sold at an average price of $85.00, for a total transaction of $305,150.00.

Roku Stock Performance

ROKU traded down $1.32 during midday trading on Thursday, reaching $97.15. The company had a trading volume of 3,644,815 shares, compared to its average volume of 3,168,355. The stock has a market cap of $14.31 billion, a PE ratio of -231.31, a P/E/G ratio of 13.78 and a beta of 2.05. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96. The business has a 50-day moving average price of $89.98 and a two-hundred day moving average price of $78.28.

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

Analysts Set New Price Targets

A number of analysts recently commented on ROKU shares. JPMorgan Chase & Co. upped their price target on shares of Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price target on shares of Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JMP Securities restated a "market outperform" rating and set a $110.00 price target on shares of Roku in a research note on Tuesday. Needham & Company LLC upped their price target on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus target price of $98.96.

Hedge Funds Weigh In On Roku

Institutional investors have recently made changes to their positions in the stock. Garde Capital Inc. bought a new position in shares of Roku in the 1st quarter worth $25,000. Beaird Harris Wealth Management LLC bought a new position in shares of Roku in the 1st quarter worth $30,000. Banque Transatlantique SA bought a new position in shares of Roku in the 1st quarter worth $28,000. Rakuten Securities Inc. increased its holdings in shares of Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company's stock worth $39,000 after buying an additional 158 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares during the last quarter. Institutional investors own 86.30% of the company's stock.

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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