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

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

Roblox Stock Down 9.2 %

Shares of Roblox stock opened at $52.84 on Friday. The company has a 50-day simple moving average of $62.42 and a two-hundred day simple moving average of $55.86. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a market capitalization of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. CICC Research initiated coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Needham & Company LLC boosted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Benchmark reiterated a “buy” rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. Finally, OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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 stock. Toronto Dominion Bank grew its holdings in shares of Roblox by 34.3% in 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 boosted its position in Roblox by 939.6% in the fourth 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 during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Roblox during the 4th quarter valued at about $363,000. Silicon Valley Capital Partners increased its position in shares of Roblox by 3,010.0% during 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 during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after purchasing an additional 1,971 shares during the period. 94.46% of the stock is currently owned by hedge funds and other 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.