Naveen Chopra Sells 19,424 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) CFO Naveen Chopra sold 19,424 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the transaction, the chief financial officer directly owned 337,036 shares of the company’s stock, valued at approximately $32,095,938.28. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Roblox Price Performance

Shares of NYSE:RBLX opened at $91.12 on Wednesday. The firm has a market capitalization of $59.67 billion, a price-to-earnings ratio of -63.72 and a beta of 1.61. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50 day simple moving average is $120.43 and its 200-day simple moving average is $113.70. Roblox Corporation has a 12 month low of $48.61 and a 12 month high of $150.59.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.Roblox’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Roblox by 15,059.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 137,347 shares of the company’s stock worth $19,025,000 after purchasing an additional 136,441 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Roblox in the third quarter valued at $2,816,000. Caerus Investment Advisors LLC purchased a new position in Roblox during the third quarter worth about $1,273,000. Sunbelt Securities Inc. boosted its stake in Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after buying an additional 105 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Roblox by 22.2% in the 3rd quarter. Captrust Financial Advisors now owns 64,579 shares of the company’s stock valued at $8,945,000 after buying an additional 11,748 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Cowen restated a “sell” rating on shares of Roblox in a report on Monday, August 18th. BMO Capital Markets raised their price objective on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Arete Research set a $116.00 price objective on Roblox in a research report on Tuesday, September 9th. Morgan Stanley set a $170.00 target price on Roblox and gave the company an “overweight” rating in a report on Monday, October 13th. Finally, Jefferies Financial Group raised their price target on Roblox from $126.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

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.