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

Key Points

• Matthew Kaufman, an insider at Roblox Corporation, sold 6,000 shares of stock for a total of $805,200, resulting in a 2.14% decrease in his holdings.
• Roblox's stock rose 0.7% during trading, reaching $128.56, with significant recent performance including a reported revenue of $1.44 billion, surpassing analyst expectations.
• Analysts have shown increased optimism towards Roblox, with Barclays and Benchmark raising their target prices significantly, indicating a consensus strong buy rating for the stock.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.20, for a total value of $805,200.00. Following the sale, the insider directly owned 275,015 shares in the company, valued at $36,907,013. This represents a 2.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Roblox Stock Up 0.7%

Shares of Roblox stock traded up $0.87 during trading hours on Monday, reaching $128.56. 8,334,256 shares of the company were exchanged, compared to its average volume of 8,836,268. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The stock's fifty day moving average is $120.00 and its 200 day moving average is $88.92. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $82.93 billion, a PE ratio of -89.90 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays increased their target price on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Oppenheimer reissued an "outperform" rating and issued a $125.00 target price (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Benchmark increased their target price on Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a report on Friday, August 1st. Piper Sandler increased their target price on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and increased their target price for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Twenty research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.96.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently made changes to their positions in the business. Total Investment Management Inc. acquired a new stake in Roblox in the second quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Roblox during the 2nd quarter worth approximately $33,000. Larson Financial Group LLC increased its stake in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after purchasing an additional 516 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Roblox in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 94.46% of the company's stock.

About Roblox

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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