Anthony P. Lee Sells 25,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the transaction, the director now directly owns 5,731,695 shares of the company’s stock, valued at approximately $299,996,916.30. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Roblox Price Performance

RBLX stock opened at $52.23 on Wednesday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10. The business’s 50-day moving average is $45.72 and its two-hundred day moving average is $40.74. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $31.73 billion, a P/E ratio of -31.85 and a beta of 1.56.

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

Institutional Investors Weigh In On Roblox

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Roblox by 10.4% during the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after purchasing an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. grew its stake in Roblox by 1.9% during 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 last quarter. FMR LLC boosted its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the period. ARK Investment Management LLC grew its position in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after acquiring an additional 1,519,591 shares during the last quarter. Finally, Dragoneer Investment Group LLC increased its holdings in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on RBLX. JPMorgan Chase & Co. upped their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Canaccord Genuity Group raised their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $55.30.

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.