Matthew Kaufman Sells 6,000 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) insider Matthew Kaufman sold 6,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider directly owned 272,642 shares in the company, valued at $36,812,122.84. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Roblox Stock Down 1.1%

RBLX opened at $124.86 on Wednesday. The company has a fifty day moving average price of $129.14 and a 200-day moving average price of $100.05. The firm has a market capitalization of $80.54 billion, a P/E ratio of -87.31 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen LLC bought a new position in Roblox in the first quarter worth about $70,254,000. Fox Run Management L.L.C. raised its stake in Roblox by 56.5% in the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock worth $709,000 after buying an additional 4,390 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new position in Roblox in the second quarter worth about $2,779,000. Long Corridor Asset Management Ltd bought a new position in Roblox in the first quarter worth about $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company’s stock worth $2,096,000 after buying an additional 4,760 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RBLX shares. Barclays upped their target price on shares of Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. BTIG Research boosted their price target on shares of Roblox from $159.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Morgan Stanley boosted their price target on shares of Roblox from $76.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Bank of America boosted their price target on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Wedbush reissued an “outperform” rating and issued a $165.00 price target on shares of Roblox in a research note on Thursday, September 4th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $126.72.

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.