Anthony Lee Sells 66,000 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) Director Anthony Lee sold 66,000 shares of Roblox stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the completion of the transaction, the director directly owned 270,628 shares of the company’s stock, valued at $36,894,715.24. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Roblox Trading Down 7.9%

NYSE RBLX opened at $122.91 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50-day simple moving average of $128.89 and a 200-day simple moving average of $98.85. The firm has a market capitalization of $79.28 billion, a PE ratio of -85.95 and a beta of 1.63. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Wells Fargo & Company boosted their price objective on shares of Roblox from $153.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roblox in a research note on Saturday, September 27th. Raymond James Financial cut shares of Roblox from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Finally, BTIG Research increased their target price on shares of Roblox from $159.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.72.

Hedge Funds Weigh In On Roblox

Hedge funds and other institutional investors have recently made changes to their positions in the company. Total Investment Management Inc. bought a new position in Roblox during the second quarter worth $29,000. Whipplewood Advisors LLC bought a new stake in shares of Roblox in the second quarter valued at about $34,000. ORG Partners LLC bought a new stake in shares of Roblox in the second quarter valued at about $33,000. Generali Asset Management SPA SGR bought a new stake in shares of Roblox in the second quarter valued at about $40,000. Finally, Kiker Wealth Management LLC boosted its position in shares of Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after acquiring an additional 397 shares during the period. 94.46% of the stock is owned by institutional investors.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.