Anthony P. Lee Sells 21,200 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) Director Anthony P. Lee sold 21,200 shares of Roblox stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total value of $1,301,044.00. Following the transaction, the director now owns 6,589,757 shares in the company, valued at approximately $404,413,387.09. The trade was a 0.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Roblox Stock Down 3.0 %

NYSE:RBLX traded down $1.57 during mid-day trading on Tuesday, hitting $50.96. The stock had a trading volume of 5,373,773 shares, compared to its average volume of 7,853,468. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The stock has a 50-day simple moving average of $61.40 and a two-hundred day simple moving average of $56.05. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $31.55 billion, a PE ratio of -35.15 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates 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, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBLX. FMR LLC increased its stake in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after buying an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after acquiring an additional 4,406,885 shares in the last quarter. Finally, Durable Capital Partners LP purchased a new stake in Roblox in the fourth quarter valued at $246,560,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on RBLX. Macquarie raised their target price on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Barclays decreased their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Benchmark restated a "buy" rating and set a $71.00 price target on shares of Roblox in a report on Tuesday, March 18th. Finally, Citigroup upped their price objective on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $64.23.

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.