Insider Selling: Roblox (NYSE:RBLX) Director Sells $577,150.00 in Stock

Roblox Corporation (NYSE:RBLX) Director Anthony Lee sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the sale, the director directly owned 256,768 shares in the company, valued at $21,170,521.60. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Roblox Stock Up 3.1%

Shares of RBLX opened at $87.27 on Friday. The stock’s 50-day moving average price is $88.90 and its two-hundred day moving average price is $111.90. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company has a market capitalization of $57.15 billion, a PE ratio of -61.03 and a beta of 1.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s quarterly revenue was up 70.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.37) earnings per share. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RBLX shares. Needham & Company LLC restated a “buy” rating and issued a $159.00 target price on shares of Roblox in a report on Friday, October 31st. BTIG Research lowered their price objective on Roblox from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Canaccord Genuity Group set a $160.00 price target on shares of Roblox in a report on Thursday, October 30th. Finally, Macquarie upped their price objective on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $133.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RBLX. Pilgrim Partners Asia Pte Ltd bought a new position in Roblox in the 3rd quarter valued at about $26,000. Total Investment Management Inc. purchased a new stake in Roblox in the 2nd quarter valued at $29,000. ORG Partners LLC purchased a new position in Roblox during the 2nd quarter worth $33,000. Whipplewood Advisors LLC purchased a new position in Roblox during the second quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Roblox during the third quarter valued at approximately $37,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.