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

Key Points

• Anthony P. Lee sold 66,000 shares of Roblox Corporation stock for a total of $8,538,420, decreasing his ownership by 19.08%.
• Roblox's stock price is currently around $127.09, with a market capitalization of $81.98 billion and a PE ratio of -88.87.
• Analysts are optimistic about Roblox, with many raising their target prices and the stock receiving a consensus rating of "Moderate Buy".

Roblox Corporation (NYSE:RBLX - Get Free Report) Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total value of $8,538,420.00. Following the transaction, the director directly owned 279,868 shares in the company, valued at approximately $36,206,523.16. The trade was a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Roblox Stock Performance

Roblox stock traded down $3.61 during midday trading on Tuesday, hitting $127.09. 7,404,399 shares of the company were exchanged, compared to its average volume of 8,819,401. The firm has a market capitalization of $81.98 billion, a PE ratio of -88.87 and a beta of 1.63. Roblox Corporation has a fifty-two week low of $36.07 and a fifty-two week high of $150.59. The business has a fifty day simple moving average of $106.02 and a two-hundred day simple moving average of $79.21. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) EPS 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned ($0.32) earnings per share. The firm's revenue was up 50.5% on a year-over-year basis. On average, sell-side analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RBLX. Whipplewood Advisors LLC purchased a new stake in Roblox in the 2nd quarter valued at $34,000. ORG Partners LLC purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $33,000. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox in the 2nd quarter valued at approximately $40,000. Kiker Wealth Management LLC lifted its stake in shares of Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock valued at $43,000 after purchasing an additional 397 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock valued at $56,000 after purchasing an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RBLX shares. Needham & Company LLC lifted their target price on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research note on Friday. BMO Capital Markets lifted their price objective on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday. Oppenheimer reaffirmed an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Bank of America lifted their price objective on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company boosted their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and an average target price of $117.59.

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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