Roblox Corporation (NYSE:RBLX – Get Free Report) insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $46.36, for a total value of $219,931.84. Following the sale, the insider directly owned 97,141 shares in the company, valued at approximately $4,503,456.76. This trade represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Jack Buckley also recently made the following trade(s):
- On Wednesday, May 20th, Sean Jack Buckley sold 5,666 shares of Roblox stock. The stock was sold at an average price of $45.27, for a total value of $256,499.82.
Roblox Stock Down 0.6%
RBLX stock opened at $45.73 on Thursday. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59. The company has a market cap of $30.71 billion, a PE ratio of -28.95 and a beta of 1.50. The business’s 50-day simple moving average is $52.92 and its 200 day simple moving average is $70.09. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45.
Roblox announced that its board 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 repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Roblox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after acquiring an additional 1,020,786 shares during the last quarter. Capital International Investors raised its stake in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares during the last quarter. Morgan Stanley raised its stake in shares of Roblox by 8.1% in the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after acquiring an additional 1,555,549 shares during the last quarter. State Street Corp raised its stake in shares of Roblox by 3.3% in the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after acquiring an additional 442,518 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Roblox by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after acquiring an additional 547,103 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
Analyst Upgrades and Downgrades
RBLX has been the topic of a number of recent research reports. Wolfe Research started coverage on Roblox in a research report on Friday, May 1st. They set an “outperform” rating on the stock. Raymond James Financial cut shares of Roblox from an “outperform” rating to a “market perform” rating in a research note on Friday, May 1st. BTIG Research cut shares of Roblox from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. DA Davidson cut their price target on shares of Roblox from $47.50 to $45.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Finally, Bank of America cut shares of Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.07.
Get Our Latest Stock Report on RBLX
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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