Roblox (NYSE:RBLX) Insider Sells $819,300.00 in Stock

Key Points

• Roblox insider Matthew Kaufman sold 6,000 shares for a total of $819,300, resulting in a 2.11% decrease in his ownership of the stock.
• Shares of Roblox have recently traded around $136.88, with a 52-week range of $37.50 to $150.59.
• Analysts have set several new price targets for Roblox, with estimates ranging from $116.00 to $152.00, indicating a strong overall market outlook.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Matthew Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total value of $819,300.00. Following the completion of the transaction, the insider owned 278,642 shares in the company, valued at $38,048,565.10. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Roblox Stock Up 1.3%

Shares of NYSE:RBLX traded up $1.70 on Monday, reaching $136.88. The company had a trading volume of 6,620,503 shares, compared to its average volume of 8,753,496. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The firm's 50 day simple moving average is $125.89 and its 200-day simple moving average is $93.99. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a market capitalization of $88.29 billion, a PE ratio of -95.72 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last announced its 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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Institutional Trading of Roblox

Several hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. raised its stake in shares of Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company's stock valued at $767,000 after acquiring an additional 102 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Roblox by 1.3% during the second quarter. Lido Advisors LLC now owns 8,529 shares of the company's stock worth $897,000 after buying an additional 106 shares during the last quarter. Ossiam grew its holdings in shares of Roblox by 2.1% during the second quarter. Ossiam now owns 6,000 shares of the company's stock worth $631,000 after buying an additional 123 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of 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. Finally, Yousif Capital Management LLC boosted its holdings in Roblox by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock valued at $729,000 after purchasing an additional 127 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on RBLX shares. BMO Capital Markets boosted their price target on Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup upped their target price on Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wolfe Research raised Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Friday, August 22nd. Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 target price for the company in a report on Tuesday, September 9th. Finally, Benchmark upped their price target on Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.56.

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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