Roblox Co. (NYSE:RBLX) Insider Sells $60,157.32 in Stock

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares in the company, valued at $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Roblox Trading Up 1.1 %

Shares of NYSE:RBLX opened at $63.35 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The business has a 50 day moving average of $64.31 and a two-hundred day moving average of $53.75. The company has a market capitalization of $39.22 billion, a PE ratio of -43.69 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RBLX shares. Benchmark raised their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Macquarie raised their price target on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Finally, Roth Mkm upped their price target on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RBLX. MetLife Investment Management LLC raised its stake in shares of Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after buying an additional 161 shares during the period. Rakuten Securities Inc. raised its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares during the period. Simon Quick Advisors LLC raised its position in Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. 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.