Roku, Inc. (NASDAQ:ROKU – Get Free Report) insider Charles Collier sold 20,538 shares of Roku stock in a transaction on Friday, September 4th. The shares were sold at an average price of $156.99, for a total value of $3,224,260.62. Following the transaction, the insider owned 22,700 shares of the company’s stock, valued at $3,563,673. The trade was a 47.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Collier also recently made the following trade(s):
- On Wednesday, September 2nd, Charles Collier sold 7,067 shares of Roku stock. The stock was sold at an average price of $156.86, for a total value of $1,108,529.62.
- On Tuesday, August 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $145.93, for a total value of $2,997,110.34.
- On Monday, July 6th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $142.51, for a total value of $2,926,870.38.
Roku Price Performance
Shares of Roku stock opened at $154.93 on Friday. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 66.21 and a beta of 2.05. The firm’s 50-day moving average is $150.02 and its 200 day moving average is $126.98. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $159.89.
Institutional Investors Weigh In On Roku
Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in shares of Roku by 13,741.7% in the second quarter. California State Teachers Retirement System now owns 20,912,738 shares of the company’s stock worth $2,888,886,000 after buying an additional 20,761,653 shares during the last quarter. AQR Capital Management LLC grew its position in Roku by 275.5% during the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after buying an additional 1,897,407 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Roku by 229.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock valued at $192,868,000 after buying an additional 1,419,772 shares during the last quarter. Fred Alger Management LLC increased its holdings in Roku by 7,087.7% during the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock valued at $154,212,000 after buying an additional 1,401,664 shares during the last quarter. Finally, Norges Bank bought a new position in Roku in the fourth quarter worth approximately $92,808,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ROKU. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price objective (down from $167.00) on shares of Roku in a report on Friday, August 14th. Citizens Jmp downgraded Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Wolfe Research lowered Roku from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Susquehanna downgraded Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target on the stock. in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $156.17.
View Our Latest Stock Analysis on Roku
About Roku
Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. Its Roku operating system powers streaming players, Roku-branded televisions and smart-TV products made by licensing partners. The platform provides access to streaming services, live television, movies, music and other applications.
The company also operates The Roku Channel, its own ad-supported streaming service offering licensed and original content, including movies, television programs, live channels and premium subscription options.
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