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

Roku, Inc. (NASDAQ:ROKU) insider Charles Collier sold 7,181 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the sale, the insider now directly owns 7,380 shares of the company’s stock, valued at $577,485. The trade was a 49.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Roku Stock Performance

NASDAQ:ROKU opened at $85.07 on Thursday. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The stock has a market cap of $12.42 billion, a PE ratio of -95.58 and a beta of 2.12. The stock has a 50 day moving average price of $82.19 and a 200 day moving average price of $76.66.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roku

A number of institutional investors have recently bought and sold shares of ROKU. FMR LLC increased its holdings in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the last quarter. Vanguard Group Inc. grew its position in Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after acquiring an additional 185,676 shares during the period. Marshall Wace LLP increased its stake in Roku by 663.9% during 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 during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after acquiring an additional 215,841 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock valued at $159,353,000 after purchasing an additional 56,820 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price target on shares of Roku in a report on Thursday, February 13th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.71.

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.