Roblox (NYSE:RBLX) Stock Price Crosses Below Two Hundred Day Moving Average Following Insider Selling

Roblox Corporation (NYSE:RBLX)’s stock price passed below its two hundred day moving average during trading on Friday following insider selling activity. The stock has a two hundred day moving average of $51.20 and traded as low as $49.50. Roblox shares last traded at $49.9290, with a volume of 5,338,539 shares traded.

Specifically, insider Mark Reinstra sold 5,071 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $51.66, for a total transaction of $261,967.86. Following the transaction, the insider directly owned 381,554 shares in the company, valued at $19,711,079.64. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RBLX shares. Morgan Stanley dropped their price objective on Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Jefferies Financial Group decreased their target price on Roblox from $38.00 to $35.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 3rd. Oppenheimer restated an “outperform” rating and set a $50.00 target price (down from $82.00) on shares of Roblox in a report on Friday, September 11th. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 target price (down from $50.00) on shares of Roblox in a research report on Friday, July 31st. Finally, BMO Capital Markets lowered shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.04.

Trending Headlines about Roblox

These are some of the RBLX headlines that stood out recently:

• Positive Sentiment: Roblox trades at about 4.9 times sales, below its five-year average, which may appeal to investors who believe the platform’s growth prospects remain intact. Is Citi Wrong to Give Up on Roblox? It Trades at 4.9x Sales, Below Its 5-Year Average
• Neutral Sentiment: Citi cut its rating from Buy to Neutral but set a $55 price target, above the cited $49.93 share price. The target suggests potential upside, though the rating change signals a more cautious view. Roblox edges lower as Citi downgrades stock to neutral on growth risks
• Negative Sentiment: Citi’s downgrade reflects concerns about Roblox’s growth outlook. A recent analysis also highlighted bookings down 12% despite revenue rising 16%, reinforcing investor attention to demand and growth quality. Citi just downgraded Roblox stock. Here’s why. Bookings down 12%, revenue up 16%—A CPA dissects Roblox

Roblox Trading Down 2.9%

The firm has a market cap of $33.52 billion, a PE ratio of -36.18 and a beta of 1.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 7.82. The business has a fifty day moving average price of $48.27 and a 200 day moving average price of $51.20.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.11. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Roblox had a negative net margin of 16.48% and a negative return on equity of 417.56%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.37) earnings per share. Analysts forecast that Roblox Corporation will post -1.36 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Roblox during the 3rd quarter worth $306,000. Empowered Funds LLC increased its position in Roblox by 3.5% during the 3rd quarter. Empowered Funds LLC now owns 50,264 shares of the company’s stock worth $2,130,000 after purchasing an additional 1,699 shares during the period. Kovack Advisors Inc. purchased a new position in Roblox in the third quarter worth $34,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Roblox by 382.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,544,900 shares of the company’s stock valued at $65,457,000 after purchasing an additional 1,224,600 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Roblox by 7.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 44,283 shares of the company’s stock valued at $1,876,000 after buying an additional 3,244 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

About Roblox

Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.