Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 982 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 982 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Roblox Stock Up 1.1 %

Shares of NYSE RBLX opened at $63.35 on Thursday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The business’s 50 day moving average is $64.31 and its two-hundred day moving average is $53.75. The firm has a market cap of $39.22 billion, a price-to-earnings ratio of -43.69 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Research analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Needham & Company LLC increased their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup raised their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. HSBC began coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. Finally, Raymond James reissued a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Institutional Trading of Roblox

Hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the period. ValueAct Holdings L.P. grew its stake in shares of Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after acquiring an additional 4,406,885 shares during the period. Finally, Durable Capital Partners LP acquired a new stake in shares of Roblox in the fourth quarter valued at $246,560,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.