Roblox (NYSE:RBLX) Insider Sells $167,136.28 in Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,321 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $38.68, for a total transaction of $167,136.28. Following the completion of the sale, the insider directly owned 87,213 shares of the company’s stock, valued at $3,373,398.84. This trade represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Sean Jack Buckley sold 5,607 shares of Roblox stock. The shares were sold at an average price of $37.97, for a total transaction of $212,897.79.

Roblox Trading Up 1.0%

NYSE RBLX traded up $0.39 on Tuesday, hitting $39.15. The company’s stock had a trading volume of 8,163,492 shares, compared to its average volume of 11,906,188. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The company’s 50-day simple moving average is $46.97 and its 200 day simple moving average is $52.38. The firm has a market cap of $26.23 billion, a P/E ratio of -27.38 and a beta of 1.46. Roblox Corporation has a 52-week low of $33.88 and a 52-week high of $142.00.

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

Roblox declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in shares of Roblox by 5,370.1% during the 2nd quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company’s stock valued at $2,688,852,000 after acquiring an additional 48,541,681 shares during the period. Readystate Asset Management LP lifted its position in Roblox by 685.8% during the second quarter. Readystate Asset Management LP now owns 377,201 shares of the company’s stock valued at $20,512,000 after purchasing an additional 329,201 shares in the last quarter. HB Wealth Management LLC grew its holdings in Roblox by 24.5% during the second quarter. HB Wealth Management LLC now owns 19,542 shares of the company’s stock valued at $1,063,000 after purchasing an additional 3,844 shares during the period. Saudi Central Bank increased its position in Roblox by 91.6% in the second quarter. Saudi Central Bank now owns 41,683 shares of the company’s stock worth $2,267,000 after buying an additional 19,929 shares in the last quarter. Finally, Angeles Wealth Management LLC bought a new position in shares of Roblox in the second quarter worth about $915,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Roblox

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Roblox’s board authorized a $3 billion share-repurchase program, allowing the company to buy back up to 9.5% of its outstanding shares. Buybacks can support earnings per share and signal that management believes the stock is undervalued. Roblox company information
• Positive Sentiment: Institutional ownership remains high at approximately 94.5%, and several funds increased their Roblox holdings during the second quarter. Notable additions included California State Teachers’ Retirement System and Readystate Asset Management, providing a measure of institutional support. Roblox institutional trading data
• Neutral Sentiment: CEO David Baszucki, CFO Naveen K. Chopra, CAO Amy Marie Rawlings, and other insiders collectively sold 113,583 shares worth about $4.31 million at roughly $37.96–$37.97 per share. Each filing said the sales covered tax-withholding obligations from vested equity awards, making them less concerning than discretionary open-market selling. Roblox insider selling report
• Negative Sentiment: Roblox’s latest quarterly revenue of $1.47 billion missed the $1.60 billion consensus estimate, despite improving year over year. The company also remains unprofitable, with analysts expecting a full-year loss of approximately $1.39 per share.
• Negative Sentiment: Analysts have recently reduced price targets, citing concerns about growth and the outlook following Roblox’s earnings report. Benchmark downgraded the shares to “sell,” while Piper Sandler, Oppenheimer, and Needham lowered their targets; the consensus rating remains “Hold.” Roblox outlook and analyst coverage

Analyst Ratings Changes

Several research firms recently issued reports on RBLX. TD Cowen lowered their price objective on Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company set a $46.00 price target on Roblox in a report on Monday, August 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a report on Wednesday, June 24th. HSBC cut shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a research note on Friday, May 1st. Finally, Benchmark cut shares of Roblox from a “hold” rating to a “sell” rating and set a $33.00 price objective for the company. in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.89.

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.