Anthony P. Lee Sells 14,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 14,000 shares of Roblox stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $82.45, for a total value of $1,154,300.00. Following the completion of the transaction, the director now owns 293,728 shares in the company, valued at $24,217,873.60. This trade represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Roblox Stock Performance

Shares of RBLX stock opened at $82.26 on Friday. The stock has a fifty day moving average price of $65.26 and a 200 day moving average price of $61.78. The stock has a market cap of $51.82 billion, a PE ratio of -56.73 and a beta of 1.46. Roblox Co. has a 1 year low of $31.84 and a 1 year high of $83.04. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox’s revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.43) earnings per share. Sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several analyst reports. Macquarie lifted their target price on Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Benchmark lifted their target price on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Canaccord Genuity Group lifted their target price on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. Finally, Roth Mkm lifted their target price on Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Hedge Funds Weigh In On Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC increased its position in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Roblox during the first quarter worth $39,000. Colonial Trust Co SC purchased a new position in Roblox during the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust increased its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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.