Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $102.58, for a total transaction of $615,480.00. Following the transaction, the insider directly owned 313,223 shares of the company's stock, valued at approximately $32,130,415.34. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Roblox Stock Down 2.6%
RBLX traded down $2.85 during trading on Tuesday, hitting $104.91. 5,958,818 shares of the company's stock traded hands, compared to its average volume of 8,049,004. Roblox Corporation has a 12-month low of $35.30 and a 12-month high of $108.66. The company's 50 day simple moving average is $88.90 and its two-hundred day simple moving average is $71.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. The stock has a market capitalization of $71.16 billion, a price-to-earnings ratio of -78.29 and a beta of 1.60.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.43) EPS. Analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Roblox
Several hedge funds and other institutional investors have recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC increased its holdings in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox in the first quarter worth approximately $39,000. Colonial Trust Co SC purchased a new position in shares of Roblox during the 4th quarter worth $41,000. Finally, Rakuten Securities Inc. grew its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the period. 94.46% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on RBLX shares. Oppenheimer restated an "outperform" rating and set a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Wedbush raised Roblox to a "strong-buy" rating in a research note on Tuesday, July 1st. Roth Mkm raised their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Finally, Wells Fargo & Company lifted their price objective on Roblox from $78.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.52.
Read Our Latest Stock Report on Roblox
About Roblox
(
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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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