Sean Jack Buckley Sells 5,666 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 5,666 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total value of $256,499.82. Following the transaction, the insider directly owned 101,885 shares in the company, valued at $4,612,333.95. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roblox Stock Up 4.5%

Shares of NYSE:RBLX traded up $2.09 during trading on Friday, reaching $48.23. 10,126,707 shares of the stock were exchanged, compared to its average volume of 11,949,403. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89. Roblox Corporation has a 1-year low of $40.15 and a 1-year high of $150.59. The stock has a fifty day moving average of $53.81 and a two-hundred day moving average of $71.69. The firm has a market cap of $32.39 billion, a price-to-earnings ratio of -30.53 and a beta of 1.50.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm earned ($0.32) earnings per share. Roblox’s revenue for the quarter was up 43.4% on a year-over-year basis. Research analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 19th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 9.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Roblox

Several large investors have recently made changes to their positions in RBLX. Norges Bank purchased a new stake in shares of Roblox during the 4th quarter valued at $435,424,000. Vanguard Group Inc. increased its position in shares of Roblox by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the last quarter. SRS Investment Management LLC purchased a new stake in shares of Roblox during the 4th quarter valued at $238,065,000. Amundi increased its position in shares of Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company’s stock valued at $326,586,000 after purchasing an additional 2,631,074 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after purchasing an additional 2,184,439 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Canaccord Genuity Group lowered their price target on Roblox from $140.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Bank of America lowered Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Friday, May 1st. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wolfe Research assumed coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating for the company. Finally, Citigroup lowered their price target on Roblox from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Hold” and a consensus price target of $87.07.

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.