Roblox Co. (NYSE:RBLX) Insider Arvind Chakravarthy Sells 982 Shares

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 982 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares in the company, valued at $12,513,028.86. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Roblox Stock Performance

Shares of Roblox stock opened at $62.15 on Tuesday. The firm has a market capitalization of $38.47 billion, a P/E ratio of -42.86 and a beta of 1.46. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm’s 50 day moving average is $64.17 and its two-hundred day moving average is $53.53.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. Raymond James reissued a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Piper Sandler reissued an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Roth Mkm increased their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently modified their holdings of RBLX. FMR LLC grew its position in shares of Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC grew its position 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 worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. grew its position in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after acquiring an additional 4,406,885 shares during the last quarter. Finally, Durable Capital Partners LP purchased a new position in shares of Roblox during the fourth quarter worth approximately $246,560,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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.