Matthew D. Kaufman Sells 12,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Matthew D. Kaufman sold 12,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $71.83, for a total transaction of $861,960.00. Following the completion of the sale, the insider now directly owns 352,244 shares of the company’s stock, valued at $25,301,686.52. This represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Roblox Stock Performance

NYSE RBLX opened at $71.89 on Friday. The company has a market cap of $45.18 billion, a P/E ratio of -49.58 and a beta of 1.46. The business’s 50 day moving average price is $60.65 and its 200-day moving average price is $59.42. Roblox Co. has a fifty-two week low of $30.56 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. Sell-side analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research note on Friday, May 2nd. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays lifted their target price on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Finally, Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $67.91.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RBLX. FMR LLC boosted its holdings in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Vanguard Group Inc. increased its stake in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the period. Finally, Durable Capital Partners LP bought a new stake in Roblox during the 4th quarter valued at about $246,560,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

About Roblox

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.