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

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 25,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $51.19, for a total value of $1,279,750.00. Following the transaction, the director now owns 5,706,695 shares of the company’s stock, valued at $292,125,717.05. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Roblox Stock Up 2.6 %

Shares of Roblox stock traded up $1.34 during trading on Tuesday, hitting $53.50. The company’s stock had a trading volume of 6,232,540 shares, compared to its average volume of 7,604,053. 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 quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day simple moving average of $46.49 and a two-hundred day simple moving average of $41.73. The company has a market capitalization of $32.50 billion, a PE ratio of -32.64 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

RBLX has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. The Goldman Sachs Group raised their target price on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Finally, BTIG Research upped their price objective on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven investment 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, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Trading of Roblox

Several large investors have recently added to or reduced their stakes in RBLX. Impact Partnership Wealth LLC raised its holdings in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after purchasing an additional 245 shares during the period. Swedbank AB raised its stake in shares of Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after buying an additional 285 shares during the period. Metis Global Partners LLC grew its stake in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the period. Thrive Wealth Management LLC increased its holdings in Roblox by 4.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after acquiring an additional 300 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after purchasing an additional 321 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

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.