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

Key Points

• Matthew Kaufman, an insider at Roblox, sold 6,000 shares for a total of $810,120, reducing his ownership by 2.15%.
• Roblox's stock is currently valued at $126.33, with a market cap of approximately $81.49 billion and a price-to-earnings ratio of -88.34.
• The company reported a 50.5% year-over-year revenue increase despite earning ($0.41) per share, which missed analyst expectations.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew Kaufman sold 6,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total value of $810,120.00. Following the completion of the sale, the insider owned 272,642 shares of the company's stock, valued at $36,812,122.84. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Roblox Trading Up 3.0%

NYSE RBLX traded up $3.64 on Monday, reaching $126.33. The company had a trading volume of 6,324,427 shares, compared to its average volume of 8,672,301. The firm has a market cap of $81.49 billion, a price-to-earnings ratio of -88.34 and a beta of 1.63. The business has a 50 day moving average of $128.89 and a two-hundred day moving average of $99.42. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59.

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

Hedge Funds Weigh In On Roblox

Hedge funds have recently added to or reduced their stakes in the stock. Total Investment Management Inc. purchased a new position in shares of Roblox during the second quarter valued at approximately $29,000. ORG Partners LLC purchased a new position in Roblox during the 2nd quarter worth $33,000. Larson Financial Group LLC grew its position in Roblox by 819.0% in 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. Whipplewood Advisors LLC bought a new stake in Roblox in the 2nd quarter worth about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox in the 1st quarter worth about $39,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RBLX. Cowen reaffirmed a "sell" rating on shares of Roblox in a research note on Monday, August 18th. Benchmark raised their price objective on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets raised their price target on shares of Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday. Morgan Stanley raised their price target on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Roblox in a report on Saturday, September 27th. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.72.

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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