Roblox Co. (NYSE:RBLX) Insider Sells $479,640.00 in Stock

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $79.94, for a total value of $479,640.00. Following the sale, the insider now directly owns 346,244 shares of the company’s stock, valued at $27,678,745.36. This represents a 1.70% 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 Price Performance

RBLX stock traded down $0.11 during midday trading on Monday, reaching $81.16. 7,473,976 shares of the stock were exchanged, compared to its average volume of 7,729,981. Roblox Co. has a 52 week low of $31.59 and a 52 week high of $82.02. The company has a fifty day moving average price of $62.73 and a 200 day moving average price of $60.86. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted ($0.43) earnings per share. The business’s quarterly revenue 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RBLX shares. Oppenheimer increased their price target on Roblox from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. FBN Securities started coverage on Roblox in a research note on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price target on the stock. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Morgan Stanley reduced their target price 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, Roth Mkm lifted their target price on Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.68.

Institutional Investors Weigh In On Roblox

Institutional investors have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Larson Financial Group LLC increased its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after buying an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox during the first quarter worth about $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox in the fourth quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust boosted its holdings in 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 acquiring an additional 230 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

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.