Insider Selling: Roblox (NYSE:RBLX) Insider Sells 20,912 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Arvind Chakravarthy sold 20,912 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,991,449.76. Following the completion of the sale, the insider directly owned 181,043 shares in the company, valued at approximately $17,240,724.89. This trade represents a 10.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Roblox Trading Up 1.5%

Shares of NYSE:RBLX traded up $1.32 during trading on Monday, hitting $90.57. 11,920,323 shares of the company’s stock were exchanged, compared to its average volume of 9,408,730. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The firm has a market cap of $59.31 billion, a P/E ratio of -63.34 and a beta of 1.61. The firm has a 50-day moving average price of $121.32 and a two-hundred day moving average price of $113.56. Roblox Corporation has a 1-year low of $47.95 and a 1-year high of $150.59.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned ($0.37) EPS. Roblox’s revenue for the quarter 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. Equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

RBLX has been the subject of a number of research analyst reports. Piper Sandler set a $130.00 target price on Roblox in a research report on Friday, October 31st. Jefferies Financial Group boosted their price objective on shares of Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, October 14th. UBS Group set a $120.00 target price on shares of Roblox in a report on Friday, October 31st. BTIG Research dropped their price objective on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Wells Fargo & Company decreased their target price on Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.41.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allianz Asset Management GmbH lifted its position in Roblox by 10.8% during the first quarter. Allianz Asset Management GmbH now owns 39,599 shares of the company’s stock worth $2,308,000 after buying an additional 3,868 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Roblox by 9.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,048 shares of the company’s stock valued at $411,000 after purchasing an additional 633 shares during the last quarter. Cetera Investment Advisers increased its stake in Roblox by 10.7% in the 1st quarter. Cetera Investment Advisers now owns 34,183 shares of the company’s stock valued at $1,993,000 after buying an additional 3,296 shares during the period. HB Wealth Management LLC purchased a new stake in Roblox during the first quarter worth about $474,000. Finally, TD Asset Management Inc grew its holdings in Roblox by 4.7% during the 1st quarter. TD Asset Management Inc now owns 136,171 shares of the company’s stock valued at $7,937,000 after buying an additional 6,174 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.