Anthony Lee Sells 66,000 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) Director Anthony Lee sold 66,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the transaction, the director owned 261,388 shares in the company, valued at approximately $24,188,845.52. This trade represents a 20.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Roblox Stock Performance

Shares of RBLX stock opened at $92.27 on Thursday. The stock has a market cap of $60.42 billion, a PE ratio of -64.52 and a beta of 1.62. The stock has a 50-day moving average of $115.48 and a 200-day moving average of $114.09. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned ($0.37) earnings per share. The business’s revenue for the quarter was up 70.3% on a year-over-year basis. As a group, sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Trading of Roblox

Institutional investors have recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd bought a new position in Roblox in the third quarter valued at $26,000. Total Investment Management Inc. acquired a new position in shares of Roblox during the 2nd quarter worth about $29,000. ORG Partners LLC bought a new position in shares of Roblox in the 2nd quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Roblox in the second quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Roblox during the third quarter worth about $37,000. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RBLX shares. Cowen restated a “sell” rating on shares of Roblox in a research report on Monday, August 18th. BTIG Research lowered their price target on Roblox from $180.00 to $174.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $150.00 price objective on shares of Roblox in a report on Friday, October 31st. Bank of America increased their target price on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Macquarie raised their target price on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Nineteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.78.

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.