Roblox (NYSE:RBLX) Insider Sean Jack Buckley Sells 5,607 Shares

Roblox Corporation (NYSE:RBLXGet Free Report) insider Sean Jack Buckley sold 5,607 shares of Roblox stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.97, for a total value of $212,897.79. Following the sale, the insider directly owned 91,534 shares of the company’s stock, valued at $3,475,545.98. This represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roblox Price Performance

Roblox stock opened at $38.70 on Tuesday. The stock has a market cap of $25.93 billion, a price-to-earnings ratio of -27.06 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. The business has a 50-day simple moving average of $46.97 and a 200 day simple moving average of $52.38. Roblox Corporation has a 52 week low of $33.88 and a 52 week high of $142.00.

Roblox (NYSE:RBLXGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm posted ($0.41) earnings per share. Roblox’s quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft lowered Roblox from a “buy” rating to a “hold” rating and dropped their price target for the stock from $56.00 to $38.00 in a research note on Friday, July 31st. Roth Capital set a $65.00 price objective on Roblox in a report on Tuesday, May 5th. DA Davidson set a $40.00 target price on Roblox in a research report on Friday, July 31st. BTIG Research lowered Roblox from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Friday, July 31st. Finally, Benchmark cut shares of Roblox from a “hold” rating to a “sell” rating and set a $33.00 price target on the stock. in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.89.

Get Our Latest Report on RBLX

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBLX. Hanson & Doremus Investment Management purchased a new stake in Roblox during the 1st quarter valued at about $25,000. Fideuram Asset Management Ireland dac purchased a new position in Roblox in the 4th quarter worth approximately $27,000. Basecamp Wealth Advisors LLC lifted its position in Roblox by 98.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. GW&K Investment Management LLC lifted its position in Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after purchasing an additional 161 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of Roblox by 100.7% during the first quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 283 shares during the period. 94.46% of the stock is owned by institutional investors.

More Roblox News

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

About Roblox

(Get Free Report)

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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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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