Roblox (NYSE:RBLX) Insider Sells $167,136.28 in Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,321 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.68, for a total transaction of $167,136.28. Following the transaction, the insider owned 87,213 shares in the company, valued at approximately $3,373,398.84. The trade was a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Sean Jack Buckley sold 5,607 shares of Roblox stock. The shares were sold at an average price of $37.97, for a total transaction of $212,897.79.

Roblox Stock Up 1.6%

Shares of NYSE RBLX opened at $38.16 on Friday. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50-day moving average price of $46.29 and a 200-day moving average price of $51.85. The stock has a market capitalization of $25.57 billion, a P/E ratio of -26.68 and a beta of 1.46. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. The company had revenue of $1.47 billion for 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 quarter in the prior year, the business posted ($0.41) EPS. On average, equities research analysts forecast that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox announced that its Board of Directors has approved a share repurchase program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to purchase up to 9.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP grew its position in Roblox by 99.3% during the second quarter. Corient Private Wealth LP now owns 37,298 shares of the company’s stock valued at $2,029,000 after buying an additional 18,580 shares during the period. California State Teachers Retirement System raised its position in Roblox by 5,370.1% in the second quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company’s stock worth $2,688,852,000 after acquiring an additional 48,541,681 shares during the period. Readystate Asset Management LP raised its position in Roblox by 685.8% in the second quarter. Readystate Asset Management LP now owns 377,201 shares of the company’s stock worth $20,512,000 after acquiring an additional 329,201 shares during the period. HB Wealth Management LLC boosted its stake in Roblox by 24.5% in the second quarter. HB Wealth Management LLC now owns 19,542 shares of the company’s stock valued at $1,063,000 after acquiring an additional 3,844 shares during the last quarter. Finally, Saudi Central Bank boosted its stake in Roblox by 91.6% in the second quarter. Saudi Central Bank now owns 41,683 shares of the company’s stock valued at $2,267,000 after acquiring an additional 19,929 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wolfe Research downgraded Roblox from an “outperform” rating to a “hold” rating in a report on Friday, July 31st. Raymond James Financial started coverage on Roblox in a research note on Monday, June 29th. They set a “market perform” rating on the stock. Seaport Research Partners downgraded shares of Roblox to a “neutral” rating in a report on Monday, June 29th. Needham & Company LLC reduced their target price on shares of Roblox from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Morgan Stanley lowered their target price on shares of Roblox from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.89.

About Roblox

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.