Insider Selling: Roblox (NYSE:RBLX) Insider Sells $219,931.84 in Stock

Roblox Corporation (NYSE:RBLX) insider Sean Jack Buckley sold 4,744 shares of Roblox stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.36, for a total transaction of $219,931.84. Following the sale, the insider directly owned 97,141 shares of the company’s stock, valued at $4,503,456.76. This represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Wednesday, May 20th, Sean Jack Buckley sold 5,666 shares of Roblox stock. The stock was sold at an average price of $45.27, for a total transaction of $256,499.82.

Roblox Stock Performance

Roblox stock opened at $47.10 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $31.63 billion, a PE ratio of -29.81 and a beta of 1.50. The firm has a fifty day simple moving average of $52.48 and a two-hundred day simple moving average of $69.51. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.06. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) earnings per share. Research analysts expect that Roblox Corporation will post -1.4 EPS for the current year.

Roblox announced that its board has authorized a stock repurchase program on Tuesday, May 19th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on RBLX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research note on Friday, March 27th. Raymond James Financial downgraded shares of Roblox from an “outperform” rating to a “market perform” rating in a research note on Friday, May 1st. HSBC cut shares of Roblox from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research report on Friday, May 1st. BTIG Research cut shares of Roblox from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Finally, Bank of America cut shares of Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Roblox currently has a consensus rating of “Hold” and an average target price of $87.07.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently modified their holdings of RBLX. Reyes Financial Architecture Inc. increased its position in shares of Roblox by 164.4% in the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after acquiring an additional 194 shares during the period. Hanson & Doremus Investment Management bought a new stake in Roblox during the first quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Roblox in the third quarter worth approximately $26,000. Fideuram Asset Management Ireland dac bought a new position in shares of Roblox in the fourth quarter worth approximately $27,000. Finally, GW&K Investment Management LLC lifted its position in Roblox by 76.3% during the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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.