Roblox Co. (NYSE:RBLX) Director Sells $1,301,044.00 in Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 21,200 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total value of $1,301,044.00. Following the transaction, the director now directly owns 6,589,757 shares of the company’s stock, valued at $404,413,387.09. This represents a 0.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Roblox Price Performance

RBLX opened at $52.84 on Friday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company’s 50 day simple moving average is $62.42 and its 200-day simple moving average is $55.93. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The stock has a market capitalization of $32.71 billion, a P/E ratio of -36.44 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Needham & Company LLC upped their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Roth Mkm lifted their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Finally, Benchmark reissued a “buy” rating and issued a $71.00 target price on shares of Roblox in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.23.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares during the period. Colonial Trust Co SC bought a new position in Roblox in the fourth quarter valued at approximately $41,000. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares during the period. 94.46% of the stock is owned by institutional investors.

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.