Charles Collier Sells 10,771 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 10,771 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, September 12th, Charles Collier sold 15,454 shares of Roku stock. The stock was sold at an average price of $75.00, for a total transaction of $1,159,050.00.

Roku Stock Down 0.6 %

NASDAQ:ROKU traded down $0.42 during mid-day trading on Tuesday, reaching $73.61. The company's stock had a trading volume of 2,831,057 shares, compared to its average volume of 4,413,427. The firm has a market capitalization of $10.69 billion, a PE ratio of -61.34 and a beta of 2.07. The stock has a fifty day moving average of $74.53 and a 200-day moving average of $64.84. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned ($2.33) earnings per share. Roku's revenue was up 16.5% on a year-over-year basis. On average, analysts expect that Roku, Inc. will post -1.1 earnings per share for the current year.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in shares of Roku by 131.1% in the 1st quarter. Russell Investments Group Ltd. now owns 66,046 shares of the company's stock valued at $4,305,000 after buying an additional 37,464 shares in the last quarter. Intech Investment Management LLC boosted its stake in Roku by 202.6% in the first quarter. Intech Investment Management LLC now owns 16,278 shares of the company's stock valued at $1,061,000 after acquiring an additional 10,899 shares in the last quarter. Vanguard Group Inc. grew its holdings in Roku by 0.8% in the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company's stock worth $778,560,000 after purchasing an additional 92,658 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Roku by 35.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 16,582 shares of the company's stock worth $1,081,000 after purchasing an additional 4,317 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in shares of Roku by 14.2% in the 1st quarter. Edgestream Partners L.P. now owns 7,969 shares of the company's stock worth $519,000 after purchasing an additional 993 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price on shares of Roku in a report on Thursday, October 31st. Wedbush upped their price target on Roku from $75.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on Roku from $60.00 to $65.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Benchmark reaffirmed a "buy" rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Finally, Citigroup increased their price objective on shares of Roku from $60.00 to $77.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.67.

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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