Roblox Co. (NYSE:RBLX) Insider Matthew D. Kaufman Sells 15,021 Shares

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 15,021 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total value of $1,211,593.86. Following the transaction, the insider now owns 331,223 shares of the company’s stock, valued at approximately $26,716,447.18. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Roblox Trading Up 0.8%

Shares of Roblox stock opened at $81.77 on Friday. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $83.04. The stock has a market capitalization of $51.51 billion, a P/E ratio of -56.39 and a beta of 1.46. The company has a 50-day simple moving average of $64.73 and a 200 day simple moving average of $61.57. 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, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company’s revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.43) earnings per share. Research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. FMR LLC grew its holdings in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the last quarter. Ieq Capital LLC increased its position in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock worth $504,387,000 after purchasing an additional 6,007,322 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBLX. FBN Securities started coverage on shares of Roblox in a research report on Friday, March 28th. They set a “sector perform” rating and a $65.00 target price on the stock. Barclays boosted their price objective on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. Oppenheimer lifted their target price on Roblox from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company upped their price target on Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned 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 a consensus price target of $68.68.

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.