Matthew D. Kaufman Sells 6,000 Shares of Roblox Corporation (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $103.35, for a total transaction of $620,100.00. Following the transaction, the insider now owns 319,223 shares in the company, valued at approximately $32,991,697.05. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $102.78 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 1-year low of $35.27 and a 1-year high of $105.30. The stock has a market capitalization of $69.71 billion, a P/E ratio of -76.70 and a beta of 1.56. The business has a 50-day moving average price of $82.30 and a two-hundred day moving average price of $68.52.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the firm earned ($0.43) earnings per share. Equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of recent research reports. Citigroup reaffirmed an “overweight” rating on shares of Roblox in a research note on Monday, June 16th. The Goldman Sachs Group raised their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Roth Mkm boosted their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Macquarie increased their price target on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $95.00 price target (up previously from $82.00) on shares of Roblox in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.04.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC grew its holdings in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after purchasing an additional 161 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Roblox by 1.2% during the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company’s stock worth $775,000 after purchasing an additional 163 shares in the last quarter. Commerce Bank grew its holdings in shares of Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company’s stock valued at $423,000 after buying an additional 191 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Roblox by 6.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company’s stock valued at $194,000 after buying an additional 192 shares during the period. Finally, Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after buying an additional 195 shares in the last quarter. 94.46% of the stock is 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.