Roblox Co. (NYSE:RBLX) Director Sells $16,260,000.00 in Stock

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

Roblox Stock Up 0.5 %

Shares of RBLX stock opened at $65.57 on Monday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $66.51. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of -39.98 and a beta of 1.43. The firm’s 50-day moving average is $57.12 and its 200-day moving average is $47.63. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted ($0.45) earnings per share. Sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current year.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently modified their holdings of RBLX. ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the period. FMR LLC grew its holdings in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares in the last quarter. Dragoneer Investment Group LLC increased its position 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. Whale Rock Capital Management LLC acquired a new stake in shares of Roblox during the third quarter worth $107,491,000. Finally, Greenvale Capital LLP bought a new stake in shares of Roblox in the second quarter valued at about $89,304,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RBLX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Macquarie boosted their price target on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their price objective on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Citigroup boosted their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.