Anthony P. Lee Sells 200,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the transaction, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roblox Stock Performance

RBLX traded down $0.28 during midday trading on Friday, reaching $51.44. The company had a trading volume of 12,922,296 shares, compared to its average volume of 7,407,891. The business has a 50-day moving average price of $43.53 and a two-hundred day moving average price of $39.23. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $52.65. The stock has a market cap of $30.79 billion, a PE ratio of -29.91 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 (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.45) EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts expect that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Canaccord Genuity Group lifted their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Barclays boosted their target price on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday. Wedbush restated an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Finally, Roth Mkm raised their price objective on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.55.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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. Ieq Capital LLC increased its stake in shares of Roblox by 27.6% during the first quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after purchasing an additional 2,684,713 shares in the last quarter. Dragoneer Investment Group LLC boosted its holdings in Roblox by 26.9% in the second 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. Greenvale Capital LLP purchased a new stake in Roblox during the 2nd quarter valued at about $89,304,000. Finally, Marshall Wace LLP purchased a new stake in shares of Roblox during the second quarter valued at approximately $87,543,000. 91.08% of the stock is currently 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.