Roblox Co. (NYSE:RBLX) Director Anthony P. Lee Sells 250,000 Shares

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now directly owns 6,254,137 shares in the company, valued at $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Roblox Stock Up 0.5 %

Shares of NYSE:RBLX traded up $0.31 during midday trading on Friday, reaching $65.57. 5,678,866 shares of the company were exchanged, compared to its average volume of 6,603,908. The firm has a market cap of $39.84 billion, a PE ratio of -39.98 and a beta of 1.43. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $66.51. The stock has a fifty day simple moving average of $56.85 and a two-hundred day simple moving average of $47.36. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) earnings per share. As a group, sell-side analysts forecast that Roblox Co. will post -1.56 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently made changes to their positions in the business. Simon Quick Advisors LLC increased its stake in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after buying an additional 217 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after buying an additional 245 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in Roblox by 5.0% during the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after buying an additional 288 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Citigroup lifted their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Canaccord Genuity Group increased their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Raymond James reissued a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.48.

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.