Anthony P. Lee Sells 250,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $65.57 on Friday. The business’s 50 day moving average price is $57.12 and its 200-day moving average price is $47.56. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $66.51. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $39.84 billion, a PE ratio of -39.98 and a beta of 1.43.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.45) earnings per share. As a group, equities research analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Benchmark lifted their target price on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $49.00 price target on shares of Roblox in a report on Friday, October 25th. CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, Piper Sandler increased their price objective on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.48.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Roblox in the 3rd quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its position in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. GAMMA Investing LLC lifted its holdings in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the last quarter. Finally, Huntington National Bank grew its position in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.