Roblox Co. (NYSE:RBLX) Insider Sells $347,940.00 in Stock

Roblox Co. (NYSE:RBLX - Get Free Report) insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the sale, the insider now owns 364,244 shares of the company's stock, valued at approximately $21,122,509.56. The trade was a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Roblox Stock Performance

Shares of NYSE RBLX traded up $1.16 during mid-day trading on Friday, hitting $57.28. 5,987,783 shares of the company were exchanged, compared to its average volume of 7,867,395. The stock has a 50 day simple moving average of $60.20 and a 200-day simple moving average of $56.26. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of -39.50 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, sell-side analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

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Hedge Funds Weigh In On Roblox

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Roblox by 21.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company's stock valued at $1,533,000 after purchasing an additional 6,077 shares in the last quarter. Captrust Financial Advisors purchased a new position in Roblox in the third quarter valued at about $818,000. Janus Henderson Group PLC lifted its position in shares of Roblox by 3.9% during the 3rd quarter. Janus Henderson Group PLC now owns 48,908 shares of the company's stock valued at $2,164,000 after acquiring an additional 1,827 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Roblox by 85.8% during the 3rd quarter. Quantinno Capital Management LP now owns 34,316 shares of the company's stock worth $1,519,000 after acquiring an additional 15,846 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after acquiring an additional 240,565 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. CICC Research began coverage on Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, Macquarie boosted their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.22.

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.