Roblox (NYSE:RBLX) Insider Matthew Kaufman Sells 6,000 Shares

Roblox Corporation (NYSE:RBLX) insider Matthew Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $112.99, for a total transaction of $677,940.00. Following the transaction, the insider directly owned 266,642 shares in the company, valued at approximately $30,127,879.58. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roblox Trading Down 1.9%

Shares of RBLX stock opened at $102.18 on Thursday. The stock has a market cap of $66.91 billion, a price-to-earnings ratio of -71.45 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The firm’s 50 day moving average price is $129.22 and its two-hundred day moving average price is $110.29.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company posted ($0.37) earnings per share. Roblox’s revenue was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on RBLX. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target on the stock in a report on Tuesday, September 9th. Cowen reaffirmed a “sell” rating on shares of Roblox in a report on Monday, August 18th. Roth Capital reaffirmed a “neutral” rating and issued a $146.00 price target on shares of Roblox in a report on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $159.00 price target on shares of Roblox in a report on Friday, October 31st. Finally, Macquarie upped their price target on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the period. Ieq Capital LLC boosted its stake in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. State Street Corp boosted its stake in Roblox by 6.3% during the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after purchasing an additional 708,838 shares during the period. Geode Capital Management LLC boosted its stake in Roblox by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after purchasing an additional 834,230 shares during the period. Finally, AQR Capital Management LLC grew its position in Roblox by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after buying an additional 261,984 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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.