Roblox Co. (NYSE:RBLX) Director Anthony P. Lee Sells 21,200 Shares

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 21,200 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the transaction, the director now owns 6,589,757 shares of the company’s stock, valued at approximately $404,413,387.09. This trade represents a 0.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Roblox Trading Down 5.5 %

Shares of NYSE RBLX traded down $3.38 during trading on Thursday, reaching $58.23. The stock had a trading volume of 6,556,835 shares, compared to its average volume of 7,823,540. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $36.05 billion, a P/E ratio of -40.16 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The business’s 50-day moving average price is $62.88 and its 200-day moving average price is $55.80.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, equities research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on RBLX. Barclays reduced their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. HSBC started coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Finally, Benchmark reissued a “buy” rating and issued a $71.00 target price on shares of Roblox in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Institutional Investors Weigh In On Roblox

A number of hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its position in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC grew its stake in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Roblox during the 4th quarter worth about $363,000. Silicon Valley Capital Partners raised its position in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after buying an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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.