Roblox Co. (NYSE:RBLX - Get Free Report) Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $87.89, for a total value of $5,800,740.00. Following the transaction, the director now directly owns 289,108 shares in the company, valued at approximately $25,409,702.12. This represents a 18.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Roblox Price Performance
Shares of RBLX stock traded up $3.03 during midday trading on Thursday, reaching $94.10. 14,580,385 shares of the company were exchanged, compared to its average volume of 7,799,612. Roblox Co. has a 12 month low of $34.41 and a 12 month high of $94.27. The company has a market cap of $63.82 billion, a P/E ratio of -64.89 and a beta of 1.56. The company's 50 day moving average price is $69.56 and its two-hundred day moving average price is $63.65. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. Roblox's revenue for the quarter was up 30.6% compared to the same quarter last year. On average, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on RBLX. FBN Securities initiated coverage on shares of Roblox in a research note on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup reaffirmed a "buy" rating and set a $100.00 target price (up from $85.00) on shares of Roblox in a research report on Thursday, May 29th. Macquarie upped their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Morgan Stanley reduced their target price on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.91.
Read Our Latest Research Report on RBLX
Hedge Funds Weigh In On Roblox
Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Roblox in the first quarter valued at $836,000. Acadian Asset Management LLC boosted its position in Roblox by 10.4% during the first quarter. Acadian Asset Management LLC now owns 1,405,813 shares of the company's stock worth $81,921,000 after purchasing an additional 132,051 shares during the period. IFM Investors Pty Ltd grew its stake in Roblox by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 86,755 shares of the company's stock valued at $5,057,000 after buying an additional 817 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Roblox in the first quarter worth $728,000. Finally, Fortis Capital Advisors LLC acquired a new position in Roblox during the 1st quarter valued at $728,000. Institutional investors and hedge funds own 94.46% of the company's stock.
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.
Further Reading
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