Insider Selling: Roblox Corporation (NYSE:RBLX) Director Sells 111,112 Shares of Stock

Roblox Corporation (NYSE:RBLX) Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Roblox Trading Down 2.8%

RBLX opened at $127.09 on Wednesday. The stock has a fifty day moving average price of $106.86 and a 200-day moving average price of $79.55. Roblox Corporation has a 12 month low of $36.07 and a 12 month high of $150.59. The firm has a market cap of $81.98 billion, a price-to-earnings ratio of -88.87 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned ($0.32) EPS. Roblox’s revenue was up 50.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RBLX shares. Wells Fargo & Company boosted their price objective on Roblox from $116.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Raymond James Financial cut Roblox from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research note on Saturday. Needham & Company LLC boosted their price objective on Roblox from $79.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Barclays boosted their price objective on Roblox from $62.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.59.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the period. Ieq Capital LLC boosted its stake in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after acquiring an additional 2,297,350 shares in the last quarter. AQR Capital Management LLC lifted its stake in Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Roblox by 24.3% during the 4th quarter. Renaissance Technologies LLC now owns 7,570,959 shares of the company’s stock worth $438,056,000 after purchasing an additional 1,478,421 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Roblox by 23.7% during the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company’s stock worth $419,867,000 after purchasing an additional 1,391,800 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Company Profile

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.