Sean Jack Buckley Sells 5,607 Shares of Roblox (NYSE:RBLX) Stock

Key Points

• Roblox insider Sean Jack Buckley sold 5,607 shares at an average price of $37.97, generating approximately $212,898. The filing said the sale covered tax-withholding obligations tied to vested equity awards, leaving him with 91,534 shares.
• Roblox shares traded at $38.70, near the lower end of their 52-week range, while the company reported a quarterly loss of $0.26 per share and revenue of $1.47 billion. Revenue increased 8.3% year over year but fell short of analysts’ estimates.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average target price of $60.89. Roblox also has authorization to repurchase up to $3 billion of its shares, or roughly 9.5% of its outstanding stock.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Sean Jack Buckley sold 5,607 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $37.97, for a total value of $212,897.79. Following the transaction, the insider directly owned 91,534 shares in the company, valued at approximately $3,475,545.98. This trade represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roblox Stock Performance

NYSE:RBLX traded up $0.33 on Monday, hitting $38.70. The company's stock had a trading volume of 8,331,997 shares, compared to its average volume of 11,929,390. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The stock has a fifty day moving average of $47.11 and a two-hundred day moving average of $52.57. The firm has a market capitalization of $25.93 billion, a P/E ratio of -27.06 and a beta of 1.46. Roblox Corporation has a one year low of $33.88 and a one year high of $142.00.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.08. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.60 billion. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.41) EPS. Research analysts predict that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its board has authorized a share repurchase plan on Tuesday, May 19th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Roblox

Several institutional investors have recently added to or reduced their stakes in RBLX. Baird Financial Group Inc. lifted its position in shares of Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company's stock valued at $767,000 after buying an additional 102 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company's stock valued at $39,000 after acquiring an additional 105 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company's stock worth $560,000 after acquiring an additional 110 shares in the last quarter. NewEdge Advisors LLC raised its stake in Roblox by 1.3% during the 2nd quarter. NewEdge Advisors LLC now owns 10,374 shares of the company's stock worth $1,091,000 after acquiring an additional 138 shares during the period. Finally, L2 Asset Management LLC raised its stake in Roblox by 5.9% during the 3rd quarter. L2 Asset Management LLC now owns 2,783 shares of the company's stock worth $386,000 after acquiring an additional 154 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RBLX has been the subject of a number of research analyst reports. DA Davidson set a $40.00 price objective on shares of Roblox in a research report on Friday, July 31st. B. Riley Financial dropped their price objective on shares of Roblox from $80.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. BTIG Research cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a research note on Friday, July 31st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Roblox in a report on Wednesday, June 24th. Finally, TD Cowen decreased their price target on shares of Roblox from $49.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Roblox presently has an average rating of "Hold" and a consensus target price of $60.89.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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