Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 6,000 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now owns 364,244 shares of the company’s stock, valued at $21,122,509.56. This trade represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Roblox Stock Up 11.1 %

RBLX stock opened at $56.89 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm’s 50-day simple moving average is $60.82 and its 200 day simple moving average is $56.13. The stock has a market cap of $35.75 billion, a PE ratio of -39.23 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank grew its position in Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC boosted its position in shares of Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Roblox during the 4th quarter valued at about $363,000. Silicon Valley Capital Partners boosted its position in shares of Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after purchasing an additional 1,971 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RBLX shares. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. Macquarie upped their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Citigroup upped their price target on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company cut their price target on shares of Roblox from $76.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $63.95.

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.