Roblox (NYSE:RBLX) Insider Sean Jack Buckley Sells 4,321 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,321 shares of Roblox stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the sale, the insider owned 87,213 shares of the company’s stock, valued at $3,373,398.84. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Sean Jack Buckley sold 5,607 shares of Roblox stock. The shares were sold at an average price of $37.97, for a total value of $212,897.79.

Roblox Stock Up 1.0%

Shares of RBLX stock opened at $39.15 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The stock has a market cap of $26.23 billion, a P/E ratio of -27.38 and a beta of 1.46. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $142.00. The company has a 50 day simple moving average of $46.77 and a two-hundred day simple moving average of $52.21.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business posted ($0.41) earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, research analysts expect that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its board has initiated a share buyback program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Key Headlines Impacting Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Short interest fell 42.4% to 13.88 million shares as of August 14, down from 24.11 million shares on July 30. Only about 2.3% of Roblox’s outstanding shares are now sold short, and the short-interest ratio is 0.8 days. The reduction suggests that bearish investors have been covering positions, potentially reducing near-term selling pressure on RBLX. Roblox short interest data
• Neutral Sentiment: CEO David Baszucki, CFO Naveen Chopra, CAO Amy Rawlings, and other insiders collectively sold shares worth roughly $4.31 million in transactions dated August 20, with additional shares sold by Sean Jack Buckley on August 24. Most filings said the sales were made to cover tax obligations associated with equity-award vesting, rather than discretionary open-market selling. Roblox insider transaction filings
• Neutral Sentiment: Although the transactions reduced individual insider holdings by approximately 4% to 7%, the executives and directors continued to own substantial positions. As a result, the sales offer limited evidence of deteriorating management confidence and are unlikely to be a major catalyst by themselves. Sean Jack Buckley insider filing

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. B. Riley Financial dropped their price target on Roblox from $80.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. TD Cowen cut their target price on Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Needham & Company LLC decreased their price target on Roblox from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Seaport Research Partners downgraded Roblox to a “neutral” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Roblox from a “buy” rating to a “hold” rating and cut their price target for the company from $56.00 to $38.00 in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.89.

Institutional Trading of Roblox

A number of hedge funds have recently bought and sold shares of RBLX. Baird Financial Group Inc. boosted its stake in Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Roblox by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after buying an additional 110 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Roblox by 1.3% during the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock valued at $1,091,000 after buying an additional 138 shares during the last quarter. Finally, L2 Asset Management LLC boosted its position in shares of Roblox by 5.9% during the third quarter. L2 Asset Management LLC now owns 2,783 shares of the company’s stock worth $386,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.