Insider Selling: Roblox (NYSE:RBLX) Director Sells 66,000 Shares of Stock

Roblox Corporation (NYSE:RBLX) Director Anthony Lee sold 66,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the transaction, the director directly owned 261,388 shares in the company, valued at $24,188,845.52. This represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Roblox Price Performance

NYSE:RBLX traded down $0.01 during trading hours on Tuesday, hitting $93.78. 6,746,926 shares of the stock were exchanged, compared to its average volume of 8,487,657. The firm’s fifty day moving average price is $117.06 and its 200 day moving average price is $114.15. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The company has a market cap of $61.41 billion, a P/E ratio of -65.58 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business’s revenue was up 70.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.37) earnings per share. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RBLX shares. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Roblox in a research note on Friday, October 31st. Citigroup upped their target price on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and upped their target price for the company from $155.00 to $180.00 in a research report on Friday, October 31st. Bank of America increased their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $159.00 target price on shares of Roblox in a research note on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.41.

Institutional Investors Weigh In On Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the business. WPG Advisers LLC lifted its holdings in shares of Roblox by 17.8% in the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after purchasing an additional 84 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after acquiring an additional 102 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after purchasing an additional 105 shares during the period. Lido Advisors LLC boosted its holdings in Roblox by 1.3% in the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after acquiring an additional 106 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after acquiring an additional 110 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.