Roblox Co. (NYSE:RBLX) Insider Sells $705,316.67 in Stock

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 14,269 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $49.43, for a total value of $705,316.67. Following the sale, the insider now directly owns 244,803 shares of the company’s stock, valued at approximately $12,100,612.29. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Roblox Price Performance

NYSE:RBLX opened at $49.37 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The stock’s 50 day moving average price is $46.21 and its two-hundred day moving average price is $41.27. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on RBLX shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price objective on Roblox from $54.00 to $58.00 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 target price on shares of Roblox in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Roblox during the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co acquired a new stake in Roblox during the second quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new position in shares of Roblox in the second quarter worth $33,000. Finally, Gilliland Jeter Wealth Management LLC lifted its position in Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the period. Institutional investors own 91.08% of the company’s stock.

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.