Roblox (NYSE:RBLX) Director Anthony Lee Sells 59,000 Shares of Stock

Roblox Corporation (NYSE:RBLX) Director Anthony Lee sold 59,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $79.96, for a total value of $4,717,640.00. Following the transaction, the director directly owned 257,258 shares of the company’s stock, valued at approximately $20,570,349.68. The trade was a 18.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Roblox Stock Up 0.1%

Shares of NYSE RBLX opened at $81.07 on Tuesday. The firm has a market cap of $53.09 billion, a price-to-earnings ratio of -56.69 and a beta of 1.64. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The company’s 50-day simple moving average is $94.88 and its 200-day simple moving average is $113.57. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.Roblox’s quarterly revenue was up 70.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.37) EPS. Equities analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after purchasing an additional 1,513,608 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Roblox during the second quarter worth about $120,041,000. Moody Lynn & Lieberson LLC acquired a new position in Roblox during the second quarter worth about $2,779,000. Teacher Retirement System of Texas increased its holdings in Roblox by 14.5% in the second quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock valued at $8,554,000 after buying an additional 10,325 shares in the last quarter. Finally, OMNI 360 Wealth Inc. lifted its position in shares of Roblox by 69.9% during the 2nd quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company’s stock valued at $848,000 after acquiring an additional 3,315 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. B. Riley started coverage on shares of Roblox in a research report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Roth Capital reiterated a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a report on Friday, October 17th. Benchmark reissued a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Finally, Citigroup upped their price target on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $133.96.

Roblox Company Profile

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.