Roku, Inc. (NASDAQ:ROKU – Get Free Report) insider Charles Collier sold 20,538 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $151.63, for a total value of $3,114,176.94. Following the completion of the sale, the insider directly owned 22,700 shares of the company’s stock, valued at approximately $3,442,001. The trade was a 47.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Collier also recently made the following trade(s):
- On Friday, September 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $156.99, for a total transaction of $3,224,260.62.
- 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.
Roku Stock Performance
Shares of NASDAQ ROKU opened at $152.85 on Friday. The stock’s fifty day moving average is $154.30 and its 200 day moving average is $135.10. The stock has a market capitalization of $22.69 billion, a P/E ratio of 65.32 and a beta of 2.05. Roku, Inc. has a 52 week low of $78.53 and a 52 week high of $159.89.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. began coverage on Roku in a report on Monday, August 24th. They set a “neutral” rating and a $160.00 price target on the stock. Citigroup boosted their target price on shares of Roku from $120.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Piper Sandler lowered Roku from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, June 16th. Fox Advisors set a $157.00 target price on Roku in a report on Friday, July 17th. Finally, Seaport Research Partners downgraded shares of Roku from a “buy” rating to a “neutral” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.17.
View Our Latest Report on ROKU
Hedge Funds Weigh In On Roku
A number of large investors have recently modified their holdings of the company. CX Institutional boosted its stake in shares of Roku by 44.1% during the third quarter. CX Institutional now owns 281 shares of the company’s stock valued at $43,000 after purchasing an additional 86 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Roku by 6.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock valued at $144,000 after purchasing an additional 93 shares in the last quarter. Apella Capital LLC raised its stake in Roku by 1.4% in the third quarter. Apella Capital LLC now owns 6,752 shares of the company’s stock worth $1,031,000 after buying an additional 93 shares in the last quarter. Quantum Portfolio Management LLC boosted its position in Roku by 2.6% during the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock valued at $391,000 after acquiring an additional 105 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Roku by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after acquiring an additional 122 shares during the period. 86.30% of the stock is currently owned by institutional investors.
About Roku
Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.
The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.
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