Anthony P. Lee Sells 25,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $51.19, for a total value of $1,279,750.00. Following the sale, the director now directly owns 5,706,695 shares of the company’s stock, valued at $292,125,717.05. This represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Roblox Stock Performance

Roblox stock opened at $54.56 on Thursday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The business’s 50-day moving average price is $46.61 and its two-hundred day moving average price is $41.87. The stock has a market cap of $33.15 billion, a PE ratio of -33.27 and a beta of 1.50.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted ($0.45) earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in shares of Roblox by 1.9% during the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after purchasing an additional 535,414 shares during the last quarter. FMR LLC grew its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. ARK Investment Management LLC grew its holdings in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after purchasing an additional 1,519,591 shares during the last quarter. Dragoneer Investment Group LLC grew its holdings in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Finally, State Street Corp boosted its holdings in Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after acquiring an additional 240,565 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RBLX. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Wells Fargo & Company lifted their target price on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their target price on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Macquarie lifted their target price on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group lifted their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.30.

About Roblox

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.