Roblox Co. (NYSE:RBLX) Insider Matthew D. Kaufman Sells 6,000 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $79.94, for a total transaction of $479,640.00. Following the sale, the insider now directly owns 346,244 shares in the company, valued at approximately $27,678,745.36. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roblox Stock Performance

NYSE RBLX opened at $81.16 on Tuesday. The company has a fifty day moving average of $63.22 and a two-hundred day moving average of $61.07. The company has a market capitalization of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. Roblox Co. has a 1 year low of $31.59 and a 1 year high of $82.02. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

Institutional Investors Weigh In On Roblox

Large investors have recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Larson Financial Group LLC boosted its stake in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Roblox during the 1st quarter worth $39,000. Colonial Trust Co SC acquired a new position in Roblox in the fourth quarter valued at $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBLX has been the subject of several research reports. Citigroup boosted their price target on shares of Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Benchmark boosted their target price on Roblox from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. FBN Securities initiated coverage on Roblox in a report on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target on the stock. Morgan Stanley decreased their price objective on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

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.