Roblox Co. (NYSE:RBLX) Director Anthony P. Lee Sells 25,000 Shares

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 25,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the transaction, the director now owns 5,731,695 shares in the company, valued at $299,996,916.30. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Roblox Stock Performance

Roblox stock opened at $51.04 on Tuesday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The stock’s 50-day moving average is $45.58 and its 200-day moving average is $40.65. The company has a market cap of $31.01 billion, a price-to-earnings ratio of -31.12 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted ($0.45) EPS. Equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RBLX shares. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Citigroup boosted their price objective on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price target on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Barclays raised their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. V Square Quantitative Management LLC bought a new position in Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC grew its stake in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the last quarter. PARK CIRCLE Co bought a new stake in Roblox in the 2nd quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its position in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

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.