Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 6,000 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $79.94, for a total transaction of $479,640.00. Following the transaction, the insider now directly owns 346,244 shares in the company, valued at approximately $27,678,745.36. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roblox Stock Performance

RBLX stock traded down $0.11 during mid-day trading on Monday, hitting $81.16. The company had a trading volume of 7,473,976 shares, compared to its average volume of 7,729,981. 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 firm has a market cap of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. Roblox Co. has a 12 month low of $31.59 and a 12 month high of $82.02. The stock’s fifty day moving average price is $62.73 and its two-hundred day moving average price is $60.86.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned ($0.43) earnings per share. Roblox’s revenue for the quarter was up 30.6% on a year-over-year basis. On average, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Citigroup raised their price objective on shares of Roblox from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Piper Sandler restated an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its holdings in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the period. AQR Capital Management LLC raised its holdings in Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after acquiring an additional 6,007,322 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after acquiring an additional 4,406,885 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares during the period. Institutional investors own 94.46% of the company’s stock.

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.