Sean Jack Buckley Sells 4,744 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,744 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $46.36, for a total transaction of $219,931.84. Following the completion of the transaction, the insider directly owned 97,141 shares of the company’s stock, valued at approximately $4,503,456.76. The trade was a 4.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Jack Buckley also recently made the following trade(s):

• On Wednesday, May 20th, Sean Jack Buckley sold 5,666 shares of Roblox stock. The stock was sold at an average price of $45.27, for a total transaction of $256,499.82.

Roblox Stock Up 2.7%

Shares of Roblox stock opened at $46.86 on Friday. The company has a 50 day moving average of $52.70 and a 200 day moving average of $69.67. The company has a market capitalization of $31.47 billion, a P/E ratio of -29.66 and a beta of 1.50. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.06. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The company’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) EPS. As a group, research analysts forecast that Roblox Corporation will post -1.4 EPS for the current fiscal year.

Roblox announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Roblox in the 4th quarter valued at about $435,424,000. Vanguard Group Inc. boosted its position in shares of Roblox by 5.6% in the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after acquiring an additional 3,284,073 shares during the last quarter. SRS Investment Management LLC acquired a new stake in shares of Roblox in the fourth quarter worth approximately $238,065,000. Amundi boosted its position in shares of Roblox by 83.7% in the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after acquiring an additional 2,631,074 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after acquiring an additional 2,184,439 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BTIG Research cut shares of Roblox from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. TD Cowen raised shares of Roblox from a “sell” rating to a “hold” rating and cut their target price for the company from $54.00 to $49.00 in a report on Friday, May 1st. Bank of America cut shares of Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Friday, May 1st. Freedom Capital raised shares of Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, Barclays dropped their target price on Roblox from $115.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Roblox has a consensus rating of “Hold” and an average price target of $87.07.

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.