Insider Selling: Roblox Corporation (NYSE:RBLX) Director Sells 64,925 Shares of Stock

Roblox Corporation (NYSE:RBLX - Get Free Report) Director Christopher Carvalho sold 64,925 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $100.08, for a total transaction of $6,497,694.00. Following the transaction, the director now directly owns 986,913 shares in the company, valued at approximately $98,770,253.04. This represents a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Christopher Carvalho also recently made the following trade(s):

• On Monday, June 2nd, Christopher Carvalho sold 12,985 shares of Roblox stock. The shares were sold at an average price of $89.25, for a total transaction of $1,158,911.25.
• On Monday, May 5th, Christopher Carvalho sold 12,985 shares of Roblox stock. The shares were sold at an average price of $72.16, for a total transaction of $936,997.60.

Roblox Stock Down 0.5%

Shares of Roblox stock traded down $0.51 during midday trading on Friday, hitting $102.14. The company had a trading volume of 9,953,279 shares, compared to its average volume of 7,976,520. Roblox Corporation has a 52-week low of $34.62 and a 52-week high of $103.57. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $69.28 billion, a P/E ratio of -76.22 and a beta of 1.56. The company has a 50 day moving average of $79.58 and a 200 day moving average of $67.66.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.43) earnings per share. On average, equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

Hedge funds have recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after purchasing an additional 245 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Roblox by 24.5% during the fourth quarter. Empowered Funds LLC now owns 9,825 shares of the company's stock valued at $568,000 after buying an additional 1,936 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Roblox by 3.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 172,644 shares of the company's stock valued at $10,264,000 after buying an additional 5,044 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after buying an additional 1,971 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Roblox by 1.7% during the fourth quarter. Rhumbline Advisers now owns 748,575 shares of the company's stock valued at $43,312,000 after buying an additional 12,559 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on RBLX shares. Morgan Stanley reduced their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Bank of America raised their price target on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. The Goldman Sachs Group raised their price target on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Finally, FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $78.04.

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.