Sean Jack Buckley Sells 4,321 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,321 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the sale, the insider owned 87,213 shares of the company’s stock, valued at approximately $3,373,398.84. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Thursday, August 20th, Sean Jack Buckley sold 5,607 shares of Roblox stock. The shares were sold at an average price of $37.97, for a total value of $212,897.79.

Roblox Trading Down 4.1%

Shares of Roblox stock opened at $37.53 on Thursday. The firm has a market cap of $25.14 billion, a PE ratio of -26.24 and a beta of 1.46. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00. 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 stock has a fifty day moving average price of $46.56 and a 200-day moving average price of $52.05.

Roblox (NYSE:RBLX) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business posted ($0.41) earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Equities research analysts anticipate that Roblox Corporation will post -1.39 EPS for the current year.

Roblox announced that its board has authorized a stock repurchase plan on Tuesday, May 19th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBLX. Wells Fargo & Company set a $46.00 price objective on shares of Roblox in a research report on Monday, August 3rd. Arete Research set a $95.00 price target on shares of Roblox and gave the stock a “buy” rating in a research note on Monday, June 29th. Seaport Research Partners lowered shares of Roblox to a “neutral” rating in a report on Monday, June 29th. Canaccord Genuity Group set a $58.00 price objective on shares of Roblox in a research report on Friday, July 31st. Finally, Morgan Stanley cut their target price on shares of Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.89.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Roblox by 379.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock valued at $53,102,000 after acquiring an additional 729,379 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Roblox by 35.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 130,130 shares of the company’s stock worth $7,076,000 after purchasing an additional 34,120 shares during the period. Glynn Capital Management LLC bought a new stake in Roblox in the fourth quarter valued at approximately $5,706,000. Assenagon Asset Management S.A. lifted its position in Roblox by 89.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,893,790 shares of the company’s stock valued at $102,984,000 after purchasing an additional 891,634 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new stake in shares of Roblox during the first quarter valued at approximately $2,590,000. Hedge funds and other institutional investors 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.