Insider Selling: Roblox Co. (NYSE:RBLX) Director Sells $10,066,000.00 in Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now directly owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roblox Stock Performance

Shares of NYSE RBLX opened at $51.44 on Monday. The company has a market cap of $30.79 billion, a PE ratio of -31.37 and a beta of 1.56. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $52.65. The stock has a 50 day simple moving average of $43.67 and a 200-day simple moving average of $39.38.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 1,283.93% and a negative net margin of 30.90%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.45) earnings per share. On average, equities research analysts forecast that Roblox Co. will post -1.58 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Roblox by 1.9% in the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after buying an additional 535,414 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after acquiring an additional 1,519,591 shares during the period. Ieq Capital LLC lifted its position in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after acquiring an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC boosted its stake in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the period. Institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBLX. Piper Sandler lifted their target price on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday. BTIG Research boosted their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday. Citigroup boosted their price objective on Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Raymond James boosted their price objective on Roblox from $51.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, Wolfe Research began coverage on Roblox in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.55.

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.