Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 6,000 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $91.69, for a total transaction of $550,140.00. Following the sale, the insider now owns 325,223 shares in the company, valued at $29,819,696.87. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Roblox Trading Down 2.7%

NYSE:RBLX traded down $2.54 during mid-day trading on Monday, reaching $93.26. 11,060,955 shares of the company’s stock traded hands, compared to its average volume of 7,872,101. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $63.26 billion, a price-to-earnings ratio of -64.32 and a beta of 1.56. The company has a 50 day moving average price of $70.97 and a 200-day moving average price of $64.44. Roblox Co. has a 12-month low of $34.41 and a 12-month high of $97.83.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted ($0.43) earnings per share. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. On average, sell-side analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd grew its position in shares of Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox in the first quarter valued at about $39,000. Colonial Trust Co SC acquired a new stake in Roblox in the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust raised its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RBLX shares. JPMorgan Chase & Co. raised their price objective on Roblox from $80.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, June 3rd. Macquarie increased their target price on Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Needham & Company LLC restated a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $95.00 price target (up previously from $82.00) on shares of Roblox in a report on Friday, May 30th. Finally, Canaccord Genuity Group lifted their target price on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.91.

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.