Roblox (NYSE:RBLX) Insider Sells $219,931.84 in Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.36, for a total value of $219,931.84. Following the completion of the transaction, the insider owned 97,141 shares in the company, valued at $4,503,456.76. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Jack Buckley also recently made the following trade(s):

• On Wednesday, May 20th, Sean Jack Buckley sold 5,666 shares of Roblox stock. The shares were sold at an average price of $45.27, for a total value of $256,499.82.

Roblox Stock Down 0.6%

RBLX traded down $0.27 on Wednesday, hitting $45.73. The company had a trading volume of 8,335,476 shares, compared to its average volume of 11,916,750. The stock has a fifty day moving average price of $53.19 and a 200-day moving average price of $70.48. Roblox Corporation has a 12-month low of $40.15 and a 12-month high of $150.59. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $30.71 billion, a price-to-earnings ratio of -28.95 and a beta of 1.50.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. Analysts predict that Roblox Corporation will post -1.4 EPS for the current fiscal year.

Roblox declared that its board has initiated a stock repurchase plan on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Roblox

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after acquiring an additional 1,020,786 shares during the last quarter. Capital International Investors grew its stake in shares of Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after acquiring an additional 2,184,439 shares during the last quarter. Morgan Stanley grew its stake in shares of Roblox by 8.1% during the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after acquiring an additional 1,555,549 shares during the last quarter. State Street Corp grew its stake in shares of Roblox by 3.3% during the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after acquiring an additional 442,518 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Roblox by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after acquiring an additional 547,103 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RBLX. The Goldman Sachs Group cut their target price on Roblox from $125.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. BTIG Research lowered Roblox from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Wedbush lowered Roblox from a “hold” rating to a “neutral” rating in a research note on Friday, May 1st. Benchmark reiterated a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. Finally, Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.07.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.