Anthony P. Lee Sells 25,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the completion of the sale, the director now owns 5,731,695 shares in the company, valued at $299,996,916.30. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Roblox Trading Down 1.4 %

RBLX opened at $51.51 on Thursday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $31.29 billion, a price-to-earnings ratio of -31.41 and a beta of 1.56. The firm has a 50 day simple moving average of $45.85 and a 200 day simple moving average of $40.82. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.45) earnings per share. On average, sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

RBLX has been the topic of several research analyst reports. Macquarie raised their price target on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark lifted their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group lifted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Barclays lifted their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBLX. Impact Partnership Wealth LLC lifted its position in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after purchasing an additional 245 shares in the last quarter. Swedbank AB lifted its position in shares of Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after purchasing an additional 285 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after purchasing an additional 288 shares in the last quarter. Thrive Wealth Management LLC lifted its position in shares of Roblox by 4.3% in the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 91.08% 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.