Roblox Co. (NYSE:RBLX) Insider Arvind Chakravarthy Sells 14,176 Shares

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 14,176 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $43.94, for a total value of $622,893.44. Following the completion of the sale, the insider now directly owns 276,892 shares of the company’s stock, valued at approximately $12,166,634.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Arvind Chakravarthy also recently made the following trade(s):

• On Tuesday, June 4th, Arvind Chakravarthy sold 13,970 shares of Roblox stock. The shares were sold at an average price of $35.00, for a total value of $488,950.00.

Roblox Stock Down 0.5 %

RBLX stock opened at $43.94 on Tuesday. The firm has a market capitalization of $25.98 billion, a PE ratio of -23.62 and a beta of 1.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The stock’s 50 day moving average is $38.96 and its 200-day moving average is $37.97.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.07. The business had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the business earned ($0.46) EPS. Sell-side analysts expect that Roblox Co. will post -1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. Teachers Retirement System of The State of Kentucky lifted its position in shares of Roblox by 6.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 210,737 shares of the company’s stock worth $7,841,000 after buying an additional 12,500 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Roblox by 4.4% during the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock valued at $1,538,000 after acquiring an additional 1,748 shares during the last quarter. Greenvale Capital LLP bought a new stake in Roblox during the second quarter worth $89,304,000. Truist Financial Corp purchased a new position in Roblox in the second quarter worth $559,000. Finally, Sunbelt Securities Inc. grew its stake in Roblox by 43.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,289 shares of the company’s stock valued at $122,000 after purchasing an additional 1,000 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBLX. Wolfe Research initiated coverage on shares of Roblox in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Roth Capital lowered Roblox from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $26.00 in a research report on Friday, May 10th. Roth Mkm boosted their target price on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Morgan Stanley reduced their price target on shares of Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average target price of $44.15.

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.