Roblox (NYSE:RBLX) Director Anthony Lee Sells 66,000 Shares of Stock

Roblox Corporation (NYSE:RBLX) Director Anthony Lee sold 66,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the sale, the director owned 261,388 shares in the company, valued at approximately $24,188,845.52. The trade was a 20.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Roblox Stock Performance

Shares of RBLX stock traded down $0.01 during trading hours on Tuesday, reaching $93.78. 6,746,926 shares of the company traded hands, compared to its average volume of 8,487,657. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a market cap of $61.41 billion, a P/E ratio of -65.58 and a beta of 1.62. The firm has a 50-day moving average price of $117.06 and a 200 day moving average price of $114.15. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business’s quarterly revenue was up 70.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.37) earnings per share. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RBLX. Allworth Financial LP increased its holdings in shares of Roblox by 69.3% during the 3rd quarter. Allworth Financial LP now owns 5,230 shares of the company’s stock valued at $724,000 after purchasing an additional 2,140 shares in the last quarter. IFP Advisors Inc grew its position in Roblox by 30.0% during the third quarter. IFP Advisors Inc now owns 3,584 shares of the company’s stock valued at $496,000 after buying an additional 828 shares during the period. Investment Research Partners LLC acquired a new stake in Roblox during the third quarter valued at $298,000. Cambria Investment Management L.P. purchased a new position in Roblox in the third quarter valued at $418,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of Roblox by 15,059.7% in the third quarter. CIBC Private Wealth Group LLC now owns 137,347 shares of the company’s stock worth $19,025,000 after acquiring an additional 136,441 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on RBLX. Arete Research set a $116.00 target price on shares of Roblox in a research report on Tuesday, September 9th. Wells Fargo & Company decreased their price target on Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Roblox in a research note on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. Finally, Oppenheimer reissued an “outperform” rating and set a $150.00 target price on shares of Roblox in a research report on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $136.41.

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.