Insider Selling: Roblox Corporation (NYSE:RBLX) Insider Sells 6,000 Shares of Stock

Key Points

• Matthew D. Kaufman, an insider at Roblox Corporation, sold 6,000 shares at an average price of $133.67, totaling $802,020, which reduced his ownership by 1.95% to 301,223 shares valued at approximately $40.26 million.
• Roblox's stock price decreased by 0.7% to $128.75 following the insider selling, while the company's market capitalization stands at $83.05 billion.
• In the most recent earnings report, Roblox missed analysts' expectations with a reported EPS of ($0.41) against a consensus estimate of ($0.37), despite a year-over-year revenue increase of 50.5% to $1.44 billion.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the transaction, the insider directly owned 301,223 shares in the company, valued at $40,264,478.41. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Roblox Stock Down 0.7%

Shares of Roblox stock traded down $0.88 during trading on Friday, hitting $128.75. The company's stock had a trading volume of 5,703,023 shares, compared to its average volume of 8,786,499. Roblox Corporation has a 52 week low of $36.77 and a 52 week high of $150.59. The company has a market capitalization of $83.05 billion, a PE ratio of -90.03 and a beta of 1.63. The company has a fifty day simple moving average of $108.75 and a two-hundred day simple moving average of $80.37. 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 announced its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted ($0.32) EPS. Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. Equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Emerald Advisers LLC grew its holdings in Roblox by 1.9% during the second quarter. Emerald Advisers LLC now owns 6,683 shares of the company's stock valued at $703,000 after purchasing an additional 124 shares during the period. Yousif Capital Management LLC increased its holdings in Roblox by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock worth $729,000 after acquiring an additional 127 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in Roblox by 7.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,823 shares of the company's stock worth $192,000 after acquiring an additional 132 shares during the period. Farther Finance Advisors LLC lifted its holdings in Roblox by 21.4% during the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock valued at $84,000 after purchasing an additional 141 shares in the last quarter. Finally, Independent Wealth Network Inc. boosted its position in shares of Roblox by 3.9% in the second quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock worth $409,000 after purchasing an additional 146 shares during the period. Institutional investors own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RBLX. The Goldman Sachs Group increased their target price on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and boosted their price objective for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Bank of America increased their price objective on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley lifted their target price on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Canaccord Genuity Group raised their price target on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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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