Matthew Kaufman Sells 13,325 Shares of Roblox (NYSE:RBLX) Stock

Key Points

• Matthew Kaufman sold 13,325 Roblox shares on April 13 at an average price of $57.94 for about $772,050 to cover tax withholding from vested equity, trimming his holding by 3.53% to 364,320 shares (≈$21.11M).
• Roblox stock traded near $59.84 with a market cap of ~$39.6B; the company beat EPS estimates for the quarter but missed on revenue ($1.42B, up 122.6% YoY), and analysts maintain a consensus of Moderate Buy with an average price target of $116.76.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew Kaufman sold 13,325 shares of the company's stock in a transaction on Monday, April 13th. The shares were sold at an average price of $57.94, for a total value of $772,050.50. Following the completion of the transaction, the insider owned 364,320 shares of the company's stock, valued at $21,108,700.80. This trade represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roblox Stock Performance

NYSE:RBLX traded up $1.54 during trading on Wednesday, reaching $59.84. The company's stock had a trading volume of 7,313,618 shares, compared to its average volume of 11,454,154. The firm has a market cap of $39.59 billion, a price-to-earnings ratio of -38.61 and a beta of 1.67. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average of $61.15 and a 200-day moving average of $85.59. Roblox Corporation has a 12 month low of $51.23 and a 12 month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business's revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) EPS. Research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RBLX. Norges Bank bought a new position in Roblox in the 4th quarter worth about $435,424,000. Vanguard Group Inc. boosted its stake in Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company's stock worth $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. SRS Investment Management LLC bought a new position in Roblox in the 4th quarter worth about $238,065,000. Capital International Investors boosted its stake in Roblox by 7.3% in the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company's stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares during the period. Finally, ValueAct Holdings L.P. boosted its stake in Roblox by 39.5% in the 4th quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company's stock worth $484,221,000 after purchasing an additional 1,692,600 shares during the period. Institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

RBLX has been the subject of several research reports. DA Davidson began coverage on Roblox in a research note on Wednesday, March 4th. They set a "neutral" rating and a $65.00 price target for the company. Needham & Company LLC cut their price target on Roblox from $159.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 6th. BTIG Research reiterated a "buy" rating and set a $122.00 price target on shares of Roblox in a research note on Monday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Roblox in a research note on Friday, March 27th. Finally, Barclays cut their price target on Roblox from $130.00 to $115.00 and set an "equal weight" rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.76.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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