Andrea L. Wong Sells 5,770 Shares of Roblox Corporation (NYSE:RBLX) Stock

Key Points

• Andrea L. Wong, a director at Roblox Corporation, sold 5,770 shares on August 4th at an average price of $130.40, resulting in a total of $752,408 and reducing her position by 12.11%.
• Roblox reported a quarterly revenue of $1.44 billion, up 50.5% year-over-year, but missed EPS estimates by 4 cents, with a negative net margin of 23.67%.
• Equities analysts have boosted their price targets for Roblox, with Morgan Stanley increasing theirs to $170.00 and overall, the stock is rated as a "Moderate Buy" with a consensus price target of $117.59.

Roblox Corporation (NYSE:RBLX - Get Free Report) Director Andrea L. Wong sold 5,770 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $130.40, for a total transaction of $752,408.00. Following the completion of the transaction, the director owned 41,891 shares in the company, valued at $5,462,586.40. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Roblox Price Performance

RBLX stock traded up $7.17 during trading on Wednesday, reaching $134.28. The company had a trading volume of 7,777,645 shares, compared to its average volume of 9,715,622. The firm has a 50-day simple moving average of $106.86 and a 200-day simple moving average of $79.55. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a twelve month low of $36.07 and a twelve month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned ($0.32) earnings per share. The firm's revenue for the quarter was up 50.5% on a year-over-year basis. Equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd grew its position in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the period. ORG Partners LLC purchased a new stake in shares of Roblox during the second quarter worth about $33,000. Larson Financial Group LLC increased its stake in shares of 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 purchasing an additional 516 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Roblox during the second quarter worth about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter worth about $39,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RBLX shares. Morgan Stanley boosted their price objective on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. BTIG Research set a $131.00 target price on Roblox and gave the company a "buy" rating in a research note on Monday, July 28th. Canaccord Genuity Group boosted their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Macquarie boosted their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.59.

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.

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