Roblox Co. (NYSE:RBLX) Director Sells $1,080,520.00 in Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 13,600 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $79.45, for a total transaction of $1,080,520.00. Following the completion of the transaction, the director now directly owns 294,708 shares of the company’s stock, valued at approximately $23,414,550.60. This represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Roblox Stock Up 0.5%

RBLX opened at $81.21 on Monday. Roblox Co. has a fifty-two week low of $31.59 and a fifty-two week high of $82.02. 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 company has a fifty day moving average of $62.73 and a two-hundred day moving average of $60.86. The stock has a market capitalization of $51.16 billion, a price-to-earnings ratio of -56.00 and a beta of 1.46.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on RBLX. Oppenheimer raised their price target on shares of Roblox from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a report on Friday, February 7th. Barclays raised their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Roblox in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Institutional Trading of Roblox

Several institutional investors have recently modified their holdings of RBLX. Claro Advisors LLC acquired a new stake in shares of Roblox in the fourth quarter valued at about $205,000. Apella Capital LLC acquired a new stake in shares of Roblox in the fourth quarter valued at about $224,000. Yarbrough Capital LLC acquired a new stake in shares of Roblox in the fourth quarter valued at about $205,000. Avanza Fonder AB acquired a new position in Roblox during the fourth quarter worth about $5,631,000. Finally, Merit Financial Group LLC acquired a new position in Roblox during the fourth quarter worth about $736,000. Institutional investors and hedge funds 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.