ROKU ROKU, INC

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed May 4, 2026 Processed 1mo ago
Insider cluster: 2 insiders, $4.8M total
Latest settled — T+20d
ROKU ▲ +2.65% at T+20d
NEUTRAL call ✓ call won +2.65% · α vs SPY -3.00% · entry $125.70 → $129.03
Next anchor: T+60d in 6w
Last close $143.66 (close Jun 12) · +14.29% from $125.70 entry
Entry anchored
May 1, 07:30 PM ET
via Databento tick
T+1d
-1.43%
call -1.43% · α -2.23%
$123.90
settled 6w ago
T+5d
+1.54%
call +1.54% · α -1.40%
$127.63
settled 5w ago
T+20d
+2.65%
call +2.65% · α -3.00%
$129.03
settled 14d ago
T+60d
call — · α —
in 6w

Price Chart

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Executive Summary

CEO Anthony Wood sold $4.44M of Roku stock on May 11, 2026, following a strong Q1 earnings report (revenue +22% YoY, net income $86M). The sale was preceded by a derivative conversion (non-cash) and occurred 13 days after earnings. President Charles Collier also sold $311K. While the cluster is notable for involving the CEO, the sale is small relative to Roku's $18.8B market cap (~0.024%) and follows a period of strong stock performance. The historical calibration shows insider clusters at Roku have been amplified by nearby earnings, but the dollar amount is too small to be material.

Key Financial Metrics

Direction
selling
Total Value
$4.8M
Insiders
2

Actionable Insight

The CEO sale is small and likely liquidity-driven following a derivative conversion and strong earnings. No bearish signal — the cluster is too small to move the stock. Monitor for larger insider sales or any change in the buyback pace. The Q2 2026 guidance ($1.295B revenue, $90M net income) is the key catalyst to watch.

Key Facts

  • CEO Anthony J. Wood sold 34,660 shares at $128.17 for $4.44M on May 11, 2026
  • President Charles Collier sold 2,500 shares at $123.18 for $311K on May 4, 2026
  • Total insider selling cluster value: $4.75M, representing ~0.025% of Roku's $18.8B market cap
  • Wood also converted 75,000 derivative shares at $0 (non-cash) on the same day as the sale
  • Q1 2026 earnings (filed Apr 30) showed revenue of $1.25B (+22% YoY), net income of $86M, and raised FY2026 revenue guidance to $5.535B
  • Roku has an active $400M buyback program, with $250M repurchased since Q3 2025

Financial Impact

Total insider selling of $4.75M is trivial relative to Roku's $18.8B market cap (0.025%)

insider ownership

Risk Factors

  • CEO selling after a strong earnings beat could be interpreted negatively by some investors
  • Devices revenue declined 16% YoY, and subscriptions gross margin compressed 7.6 pts — structural headwinds in hardware and subscription economics

Market Snapshot

Exchange
Nasdaq
Sector
Cable & Other Pay Television Services
Analyst Consensus
87% bullish (38 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ROKU-1778711697512
21 reports for ROKU
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for ROKU — sortable, filterable
Type Now
Jun 13, 2026
2d ago
Insider Cluster
NEUTRAL ★ 2/10
awaiting T+1
Jun 13, 2026
2d ago
Insider Cluster
NEUTRAL ★ 3/10
awaiting T+1
Jun 13, 2026
2d ago
Insider Cluster
NEUTRAL ★ 2/10
awaiting T+1
Jun 11, 2026
3d ago
Insider Cluster
NEUTRAL ★ 2/10
$119.70 awaiting T+1awaiting T+1$143.66 (+20.02%)
Jun 11, 2026
3d ago
Insider Cluster
NEUTRAL ★ 3/10
$119.70 awaiting T+1awaiting T+1$143.66 (+20.02%)
Jun 11, 2026
3d ago
Insider Cluster
NEUTRAL ★ 2/10
$119.70 awaiting T+1awaiting T+1$143.66 (+20.02%)
Jun 8, 2026
6d ago
Insider Cluster
NEUTRAL ★ 2/10
$123.59 awaiting T+1awaiting T+1$143.66 (+16.24%)
Jun 3, 2026
11d ago
Insider Cluster
NEUTRAL ★ 3/10
$125.12 $121.74▼ −2.70%▼ −0.10%$143.66 (+14.82%)
Jun 3, 2026
11d ago
Insider Cluster
NEUTRAL ★ 3/10
$125.12 $121.74▼ −2.70%▼ −0.10%$143.66 (+14.82%)
Jun 3, 2026
11d ago
Insider Cluster
NEUTRAL ★ 2/10
$125.12 $121.74▼ −2.70%▼ −0.10%$143.66 (+14.82%)
Showing 10 of 21

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