Insider Selling: Roblox Co. (NYSE:RBLX) Director Sells 12,800 Shares of Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 12,800 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $73.46, for a total transaction of $940,288.00. Following the completion of the sale, the director now directly owns 296,584 shares in the company, valued at approximately $21,787,060.64. This represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Roblox Stock Up 4.9%

RBLX stock opened at $77.06 on Wednesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a one year low of $30.83 and a one year high of $77.69. The company has a fifty day moving average of $61.23 and a 200-day moving average of $60.01. The stock has a market capitalization of $48.55 billion, a PE ratio of -53.14 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned ($0.43) earnings per share. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on RBLX shares. Benchmark increased their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Finally, Roth Mkm increased their target price on shares of Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently made changes to their positions in RBLX. GAMMA Investing LLC lifted its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Roblox by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,249 shares of the company’s stock valued at $2,040,000 after purchasing an additional 398 shares during the period. Claro Advisors LLC acquired a new stake in shares of Roblox in the fourth quarter valued at about $205,000. Friedenthal Financial purchased a new position in Roblox during the 4th quarter valued at about $763,000. Finally, Pallas Capital Advisors LLC raised its position in Roblox by 101.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 20,911 shares of the company’s stock worth $1,210,000 after acquiring an additional 10,535 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.