Sean Jack Buckley Sells 5,607 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 5,607 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $37.97, for a total value of $212,897.79. Following the transaction, the insider owned 91,534 shares in the company, valued at approximately $3,475,545.98. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 24th, Sean Jack Buckley sold 4,321 shares of Roblox stock. The shares were sold at an average price of $38.68, for a total value of $167,136.28.

Roblox Stock Performance

NYSE:RBLX opened at $39.15 on Wednesday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. Roblox Corporation has a fifty-two week low of $33.88 and a fifty-two week high of $142.00. The business has a 50 day moving average price of $46.77 and a 200-day moving average price of $52.21. The firm has a market cap of $26.23 billion, a PE ratio of -27.38 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.08. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.41) EPS. Equities research analysts predict that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox declared that its board has initiated a share repurchase plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

RBLX has been the subject of several research analyst reports. Roth Capital set a $65.00 price objective on Roblox in a report on Tuesday, May 5th. Raymond James Financial assumed coverage on shares of Roblox in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Cantor Fitzgerald started coverage on shares of Roblox in a research report on Monday, June 29th. They issued an “overweight” rating for the company. Citigroup cut their target price on shares of Roblox from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, B. Riley Financial reduced their price target on shares of Roblox from $80.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.89.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. grew its holdings in shares of Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after buying an additional 1,020,786 shares during the last quarter. California State Teachers Retirement System raised its stake in Roblox by 5,370.1% during the 2nd quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company’s stock valued at $2,688,852,000 after buying an additional 48,541,681 shares during the last quarter. Capital International Investors raised its stake in Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after buying an additional 2,184,439 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Roblox by 8.1% during the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after buying an additional 1,555,549 shares during the period. Finally, State Street Corp lifted its holdings in shares of Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after buying an additional 442,518 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Short interest fell 42.4% to 13.88 million shares as of August 14, down from 24.11 million shares on July 30. Only about 2.3% of Roblox’s outstanding shares are now sold short, and the short-interest ratio is 0.8 days. The reduction suggests that bearish investors have been covering positions, potentially reducing near-term selling pressure on RBLX. Roblox short interest data
• Neutral Sentiment: CEO David Baszucki, CFO Naveen Chopra, CAO Amy Rawlings, and other insiders collectively sold shares worth roughly $4.31 million in transactions dated August 20, with additional shares sold by Sean Jack Buckley on August 24. Most filings said the sales were made to cover tax obligations associated with equity-award vesting, rather than discretionary open-market selling. Roblox insider transaction filings
• Neutral Sentiment: Although the transactions reduced individual insider holdings by approximately 4% to 7%, the executives and directors continued to own substantial positions. As a result, the sales offer limited evidence of deteriorating management confidence and are unlikely to be a major catalyst by themselves. Sean Jack Buckley insider filing

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.