Roblox Corporation (NYSE:RBLX) Director Sells $14,556,783.12 in Stock

Key Points

• Roblox Corporation Director Anthony P. Lee sold 111,112 shares on August 1st for a total of $14,556,783.12, which raises questions about insider sentiment.
• The stock price recently decreased by 2.8%, reaching $127.09 amidst high trading volume, reflecting market volatility.
• Roblox's quarterly earnings report showed a loss per share of ($0.41), missing estimates, but revenue increased to $1.44 billion, exceeding analyst expectations.

Roblox Corporation (NYSE:RBLX - Get Free Report) Director Anthony P. Lee sold 111,112 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Roblox Stock Down 2.8%

Shares of NYSE RBLX traded down $3.61 during mid-day trading on Tuesday, reaching $127.09. The company had a trading volume of 7,404,399 shares, compared to its average volume of 8,819,401. The stock has a fifty day moving average of $106.02 and a two-hundred day moving average of $79.21. 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 company has a market capitalization of $81.98 billion, a price-to-earnings ratio of -88.87 and a beta of 1.63. Roblox Corporation has a 12-month low of $36.07 and a 12-month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company posted ($0.32) EPS. The company's quarterly revenue was up 50.5% on a year-over-year basis. As a group, equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

Hedge funds have recently modified their holdings of the business. Emerald Advisers LLC boosted its holdings in Roblox by 1.9% during the second quarter. Emerald Advisers LLC now owns 6,683 shares of the company's stock worth $703,000 after buying an additional 124 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Roblox by 1.9% during the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock worth $729,000 after buying an additional 127 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Roblox by 7.8% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,823 shares of the company's stock worth $192,000 after buying an additional 132 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Roblox by 21.4% during the second 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. Finally, Independent Wealth Network Inc. boosted its holdings in Roblox by 3.9% during the second quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock worth $409,000 after buying an additional 146 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBLX shares. Oppenheimer reissued an "outperform" rating and issued a $125.00 target price (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Wedbush raised their target price on shares of Roblox from $142.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their price target for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. BTIG Research set a $131.00 price target on shares of Roblox and gave the company a "buy" rating in a report on Monday, July 28th. Finally, Roth Mkm raised their price target on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $117.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.