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

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $102.58, for a total value of $615,480.00. Following the sale, the insider directly owned 313,223 shares of the company's stock, valued at $32,130,415.34. This trade represents a 1.88% 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 Trading Up 0.6%

Shares of RBLX traded up $0.59 during trading hours on Friday, hitting $105.62. 4,539,981 shares of the stock traded hands, compared to its average volume of 8,057,775. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 1-year low of $35.30 and a 1-year high of $108.02. The firm has a market capitalization of $71.64 billion, a PE ratio of -78.82 and a beta of 1.60. The business has a fifty day moving average of $91.80 and a 200-day moving average of $72.27.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. Analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Benchmark raised their price objective on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley dropped their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. BTIG Research lifted their price target on Roblox from $73.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Wedbush raised Roblox to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 price target (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roblox currently has an average rating of "Moderate Buy" and an average price target of $84.52.

Hedge Funds Weigh In On Roblox

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the last quarter. FMR LLC increased its holdings in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Ieq Capital LLC increased its holdings in Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Finally, AQR Capital Management LLC increased 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 valued at $504,387,000 after purchasing an additional 6,007,322 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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.