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 stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $118.51, for a total value of $711,060.00. Following the completion of the transaction, the insider owned 307,223 shares of the company's stock, valued at $36,408,997.73. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Roblox Price Performance

NYSE:RBLX traded down $0.04 during mid-day trading on Monday, reaching $124.46. 9,621,871 shares of the company were exchanged, compared to its average volume of 8,168,025. Roblox Corporation has a 12 month low of $35.30 and a 12 month high of $127.94. The stock has a market cap of $84.42 billion, a PE ratio of -92.88 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The company has a fifty day moving average of $96.51 and a 200 day moving average of $74.53.

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

Institutional Trading of Roblox

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Roblox by 21.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock worth $84,000 after buying an additional 141 shares during the last quarter. Independent Wealth Network Inc. increased its position in shares of Roblox by 3.9% during the 2nd 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 last quarter. MetLife Investment Management LLC boosted its holdings in shares of Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after buying an additional 161 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after buying an additional 163 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Roblox by 27.5% during the second quarter. UMB Bank n.a. now owns 817 shares of the company's stock worth $86,000 after buying an additional 176 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of research reports. Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. BTIG Research increased their target price on Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. The Goldman Sachs Group upped their price objective on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $95.00 price objective (up previously from $82.00) on shares of Roblox in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $86.68.

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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