Key Points
- Director Anthony Lee sold 66,000 shares of Roblox at an average price of $92.54 on Dec. 1, generating about $6.11 million and cutting his stake by 20.16% to 261,388 shares (valued ≈ $24.19M).
- Roblox reported Q3 revenue of $1.36 billion (up 70.3% year-over-year) and beat EPS estimates ($-0.37 vs. -0.44) but missed revenue consensus and remains unprofitable with a -21.7% net margin and negative ROE.
- The stock has a consensus rating of "Moderate Buy" with a $136.41 average price target, and institutional investors own about 94.46% of the shares (Vanguard holds ~59.15 million shares).
Roblox Corporation (NYSE:RBLX - Get Free Report) Director Anthony Lee sold 66,000 shares of Roblox stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the transaction, the director owned 261,388 shares in the company, valued at $24,188,845.52. This trade represents a 20.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Roblox Stock Performance
RBLX stock opened at $93.78 on Wednesday. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The firm has a market cap of $61.41 billion, a price-to-earnings ratio of -65.58 and a beta of 1.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50-day simple moving average of $116.29 and a two-hundred day simple moving average of $114.24.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company's quarterly revenue was up 70.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) EPS. On average, equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on RBLX shares. Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target on the stock in a research report on Tuesday, September 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Roblox in a research note on Wednesday, October 8th. BMO Capital Markets increased their price target on Roblox from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Wedbush reissued an "outperform" rating and issued a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Finally, Oppenheimer restated an "outperform" rating and set a $150.00 price target on shares of Roblox in a research note on Friday, October 31st. Nineteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $136.41.
Read Our Latest Report on Roblox
Institutional Trading of Roblox
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Roblox during the 1st quarter worth about $70,254,000. Fox Run Management L.L.C. grew its holdings in Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock worth $709,000 after acquiring an additional 4,390 shares during the period. Vanguard Group Inc. raised its position in Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company's stock valued at $6,222,993,000 after acquiring an additional 1,513,608 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Roblox in the 2nd quarter worth approximately $120,041,000. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of Roblox during the 2nd quarter worth approximately $2,779,000. Institutional investors and hedge funds own 94.46% of the company's stock.
Roblox Company Profile
(
Get Free Report)
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.
Further Reading
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