Roblox Co. (NYSE:RBLX) Director Anthony P. Lee Sells 27,532 Shares

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 27,532 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $43.52, for a total value of $1,198,192.64. Following the sale, the director now owns 165,190 shares of the company’s stock, valued at $7,189,068.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Roblox Stock Performance

Shares of NYSE RBLX traded down $0.22 during trading hours on Monday, reaching $43.94. 4,181,503 shares of the stock were exchanged, compared to its average volume of 7,395,899. The firm has a market capitalization of $25.98 billion, a price-to-earnings ratio of -23.62 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The stock’s fifty day simple moving average is $38.96 and its 200 day simple moving average is $37.97.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter last year, the company earned ($0.46) earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. Sell-side analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Institutional Investors Weigh In On Roblox

A number of large investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of Roblox by 195.1% during the 4th quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after acquiring an additional 5,162,833 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after buying an additional 4,818,022 shares during the period. Norges Bank acquired a new position in Roblox during the 4th quarter worth about $216,194,000. Ieq Capital LLC lifted its holdings in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after buying an additional 2,684,713 shares during the period. Finally, Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after buying an additional 2,488,044 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Benchmark raised their price objective on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price target on shares of Roblox in a report on Tuesday, July 30th. Canaccord Genuity Group reduced their price target on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. Piper Sandler reiterated an “overweight” rating and set a $40.00 price target (down from $56.00) on shares of Roblox in a report on Friday, May 10th. Finally, Roth Capital lowered Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.15.

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.