Roblox (NYSE:RBLX) Insider Sells $212,897.79 in Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 5,607 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $37.97, for a total value of $212,897.79. Following the completion of the transaction, the insider owned 91,534 shares in the company, valued at $3,475,545.98. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sean Jack Buckley also recently made the following trade(s):

• On Monday, August 24th, Sean Jack Buckley sold 4,321 shares of Roblox stock. The stock was sold at an average price of $38.68, for a total value of $167,136.28.

Roblox Price Performance

NYSE:RBLX opened at $37.53 on Thursday. Roblox Corporation has a 52 week low of $33.88 and a 52 week high of $142.00. The stock’s fifty day moving average is $46.56 and its two-hundred day moving average is $52.05. The company has a market capitalization of $25.14 billion, a P/E ratio of -26.24 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.41) EPS. Equities analysts expect that Roblox Corporation will post -1.39 EPS for the current year.

Roblox declared that its board has approved a share buyback plan on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets downgraded shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Friday, July 31st. Wells Fargo & Company set a $46.00 price objective on shares of Roblox in a research report on Monday, August 3rd. DA Davidson set a $40.00 target price on Roblox in a research report on Friday, July 31st. Arete Research set a $95.00 price target on Roblox and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Roblox by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after buying an additional 1,020,786 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Roblox by 5,370.1% in the second quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company’s stock worth $2,688,852,000 after acquiring an additional 48,541,681 shares in the last quarter. Capital International Investors increased its position in shares of Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after acquiring an additional 2,184,439 shares during the period. Morgan Stanley raised its stake in shares of Roblox by 8.1% in the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after acquiring an additional 1,555,549 shares in the last quarter. Finally, State Street Corp boosted its holdings in Roblox by 3.3% in the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after purchasing an additional 442,518 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.