Roblox Co. (NYSE:RBLX) Director Sells $1,301,044.00 in Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 21,200 shares of Roblox stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total value of $1,301,044.00. Following the transaction, the director now owns 6,589,757 shares in the company, valued at $404,413,387.09. This trade represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Roblox Stock Down 9.2 %

Shares of NYSE:RBLX opened at $52.84 on Friday. The company has a 50-day moving average price of $62.42 and a 200 day moving average price of $55.86. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a market cap of $32.71 billion, a price-to-earnings ratio of -36.44 and a beta of 1.49.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on RBLX shares. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Macquarie raised their price target on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Barclays cut their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.23.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after buying an additional 18,715,837 shares during the period. Wealthfront Advisers LLC raised its stake in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. grew its stake in Roblox by 340.7% in 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after purchasing an additional 4,406,885 shares in the last quarter. Finally, Durable Capital Partners LP purchased a new position in Roblox during the 4th quarter worth $246,560,000. 94.46% 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.