Anthony Lee Sells 66,000 Shares of Roblox (NYSE:RBLX) Stock

Key Points

• Director Anthony Lee sold 66,000 shares of Roblox (NYSE:RBLX) at an average price of $136.33, totaling approximately $8.99 million, reducing his position by 19.61%.
• Roblox's stock is currently trading at $133.44, down 0.5%, with a market cap of $86.07 billion and a P/E ratio of -93.31.
• Analysts have mixed sentiments on Roblox, with Bank of America raising the target price to $171.00 while the consensus rating remains a "Moderate Buy."

Roblox Corporation (NYSE:RBLX - Get Free Report) Director Anthony Lee sold 66,000 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the transaction, the director owned 270,628 shares in the company, valued at approximately $36,894,715.24. The trade was a 19.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Roblox Stock Down 0.5%

RBLX traded down $0.63 during trading on Thursday, hitting $133.44. 6,559,546 shares of the company's stock were exchanged, compared to its average volume of 8,651,020. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The business's 50 day moving average is $128.51 and its two-hundred day moving average is $97.86. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The stock has a market cap of $86.07 billion, a P/E ratio of -93.31 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The business's quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America increased their target price on shares of Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a report on Monday, September 8th. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and increased their target price for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Cowen reiterated a "sell" rating on shares of Roblox in a report on Monday, August 18th. Citigroup increased their target price on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Roblox from a "sell" rating to a "hold" rating in a report on Friday, September 26th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $126.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company's stock valued at $6,222,993,000 after acquiring an additional 1,513,608 shares during the period. Ieq Capital LLC increased its stake in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. State Street Corp increased its stake in shares of Roblox by 6.3% in the second quarter. State Street Corp now owns 12,043,269 shares of the company's stock worth $1,266,952,000 after purchasing an additional 708,838 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Roblox by 9.1% in the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company's stock worth $1,053,257,000 after purchasing an additional 834,230 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Roblox by 3.0% in the second quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company's stock worth $948,222,000 after purchasing an additional 261,984 shares in the last quarter. 94.46% of the stock is owned by 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.

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