Roblox Corporation (NYSE:RBLX) Insider Matthew D. Kaufman Sells 6,000 Shares

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $103.35, for a total transaction of $620,100.00. Following the completion of the sale, the insider now directly owns 319,223 shares in the company, valued at approximately $32,991,697.05. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roblox Trading Up 0.8%

NYSE:RBLX opened at $105.80 on Friday. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $105.87. 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 firm's fifty day moving average is $84.13 and its 200-day moving average is $69.19. The firm has a market cap of $71.76 billion, a P/E ratio of -78.96 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted ($0.43) EPS. The business's quarterly revenue was up 30.6% on a year-over-year basis. Equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently modified their holdings of RBLX. Vanguard Group Inc. boosted its stake in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares in the last quarter. FMR LLC grew its stake in shares of Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares during the period. Ieq Capital LLC increased its position in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after buying an additional 2,297,350 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock worth $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RBLX has been the topic of several analyst reports. Canaccord Genuity Group upped their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $95.00 target price (up from $82.00) on shares of Roblox in a report on Friday, May 30th. Citigroup reiterated an "overweight" rating on shares of Roblox in a report on Monday, June 16th. FBN Securities began coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. Finally, Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average price target of $79.70.

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.