Roblox (NYSE:RBLX) Insider Arvind Chakravarthy Sells 20,912 Shares

Roblox Corporation (NYSE:RBLX) insider Arvind Chakravarthy sold 20,912 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total transaction of $1,991,449.76. Following the completion of the transaction, the insider owned 181,043 shares of the company’s stock, valued at $17,240,724.89. The trade was a 10.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Roblox Stock Up 1.5%

RBLX stock traded up $1.32 during trading on Monday, reaching $90.57. 11,920,323 shares of the stock were exchanged, compared to its average volume of 9,408,730. The firm has a market cap of $59.31 billion, a P/E ratio of -63.34 and a beta of 1.61. The firm’s 50 day moving average is $121.32 and its 200 day moving average is $113.56. Roblox Corporation has a twelve month low of $47.95 and a twelve month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company’s revenue was up 70.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Roblox in the third quarter valued at about $26,000. Total Investment Management Inc. acquired a new stake in Roblox in the 2nd quarter valued at about $29,000. ORG Partners LLC acquired a new stake in Roblox in the second quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Roblox in the 2nd quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Roblox during the 3rd quarter worth approximately $37,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RBLX shares. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price target (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roblox in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Piper Sandler set a $130.00 price target on Roblox in a report on Friday, October 31st. Finally, BMO Capital Markets upped their price objective on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.41.

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.