Roblox Corporation (NYSE:RBLX – Get Free Report) insider Matthew Kaufman sold 14,904 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $565,755.84. Following the completion of the sale, the insider directly owned 335,060 shares in the company, valued at $12,718,877.60. This trade represents a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Roblox Stock Up 0.9%
RBLX stock opened at $38.70 on Tuesday. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $46.97 and its 200-day simple moving average is $52.38. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $142.00. The firm has a market capitalization of $25.93 billion, a PE ratio of -27.06 and a beta of 1.46.
Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted ($0.41) EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts expect that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Oppenheimer dropped their price objective on Roblox from $82.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. HSBC lowered shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft cut shares of Roblox from a “buy” rating to a “hold” rating and decreased their price target for the stock from $56.00 to $38.00 in a research note on Friday, July 31st. Citigroup lowered their price target on shares of Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Arete Research set a $95.00 price objective on shares of Roblox and gave the company a “buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.89.
Read Our Latest Research Report on Roblox
Trending Headlines about Roblox
Here are the key news stories impacting Roblox this week:
- Neutral Sentiment: CEO David Baszucki, CFO Naveen K. Chopra, CAO Amy Marie Rawlings, and insiders Mark Reinstra, Sean Jack Buckley, and Matthew D. Kaufman collectively sold 113,583 shares worth approximately $4.31 million on August 20, at prices near $37.96–$37.97. Each filing stated that the shares were sold to cover tax withholding obligations tied to vested equity awards, limiting the negative signal typically associated with open-market insider selling. Roblox insider transaction filings
- Neutral Sentiment: Although the sales reduced each insider’s individual holdings by roughly 4% to 7%, the executives and insiders continued to retain substantial positions in Roblox. The filings therefore provide limited evidence of declining confidence in the company’s outlook. Roblox CFO transaction filing
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of RBLX. California State Teachers Retirement System increased its position in Roblox by 5,370.1% during the second quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company’s stock worth $2,688,852,000 after purchasing an additional 48,541,681 shares during the last quarter. Norges Bank acquired a new position in shares of Roblox in the 4th quarter valued at $435,424,000. SRS Investment Management LLC purchased a new stake in shares of Roblox during the 4th quarter valued at $238,065,000. Amundi grew its stake 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 buying an additional 2,631,074 shares during the period. Finally, Capital International Investors increased its holdings 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 worth $2,589,282,000 after buying an additional 2,184,439 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
About Roblox
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.
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