Insider Selling: Roblox Co. (NYSE:RBLX) Director Sells 12,800 Shares of Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 12,800 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $73.46, for a total value of $940,288.00. Following the sale, the director now directly owns 296,584 shares in the company, valued at approximately $21,787,060.64. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Roblox Stock Up 2.5%

Shares of NYSE:RBLX opened at $78.96 on Thursday. The company has a market cap of $49.74 billion, a price-to-earnings ratio of -54.45 and a beta of 1.46. Roblox Co. has a 12 month low of $31.55 and a 12 month high of $79.50. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a 50-day moving average price of $61.66 and a 200 day moving average price of $60.14.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the company earned ($0.43) EPS. As a group, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBLX. Macquarie increased their target price on Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. The Goldman Sachs Group upped their price target on Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays lifted their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Oppenheimer raised their target price on shares of Roblox from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average price target of $68.68.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. FMR LLC increased its position in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Vanguard Group Inc. grew its holdings in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the last quarter. Finally, Durable Capital Partners LP purchased a new stake in Roblox in the 4th quarter worth about $246,560,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Company Profile

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.