Insider Selling: Roblox Co. (NYSE:RBLX) Director Sells 25,000 Shares of Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the sale, the director now owns 5,731,695 shares in the company, valued at approximately $299,996,916.30. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Roblox Price Performance

Shares of RBLX stock traded up $0.31 on Monday, hitting $51.04. 14,481,765 shares of the stock traded hands, compared to its average volume of 7,562,464. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of -31.12 and a beta of 1.56. The firm has a 50 day simple moving average of $45.58 and a two-hundred day simple moving average of $40.65. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $55.10. 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 (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted ($0.45) EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently made changes to their positions in the business. ValueAct Holdings L.P. lifted its holdings in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after buying an additional 7,835,921 shares in the last quarter. Vanguard Group Inc. boosted its position in Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares during the last quarter. FMR LLC raised its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in Roblox in the third quarter valued at approximately $107,491,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of research reports. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Barclays boosted their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Benchmark lifted their price target on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Citigroup lifted their price target on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.30.

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.