Roblox Co. (NYSE:RBLX) Insider Sells $1,833,255.00 in Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 40,739 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the sale, the insider now directly owns 727,485 shares in the company, valued at approximately $32,736,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Roblox Price Performance

Roblox stock traded up $0.09 during mid-day trading on Wednesday, reaching $44.99. 6,615,837 shares of the company’s stock traded hands, compared to its average volume of 7,244,111. The company has a market cap of $26.60 billion, a price-to-earnings ratio of -24.13 and a beta of 1.60. The stock has a 50 day moving average of $40.76 and a two-hundred day moving average of $38.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20.

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

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently made changes to their positions in RBLX. Vanguard Group Inc. increased its stake in Roblox by 10.4% in 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. Baillie Gifford & Co. increased its stake in Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after buying an additional 535,414 shares during the period. ARK Investment Management LLC increased its stake in Roblox by 12.9% in the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after buying an additional 1,519,591 shares during the period. Ieq Capital LLC grew 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 acquiring an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC grew 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 acquiring an additional 2,488,044 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RBLX. BMO Capital Markets reissued an “outperform” rating and set a $56.00 price objective on shares of Roblox in a research note on Tuesday, July 30th. Wells Fargo & Company lifted their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays lifted their target price on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price for the company. Eight analysts have rated the stock with a hold rating, thirteen 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 presently has an average rating of “Moderate Buy” and an average price target of $44.40.

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.