Key Points
- Anthony Lee sold 59,000 shares of Roblox on Jan. 2 at an average price of $79.96 for $4.717M, reducing his holdings by 18.66% to 257,258 shares worth about $20.57M (SEC filing).
- Roblox reported quarterly EPS of ($0.37), beating estimates by $0.07 but missing revenue expectations ($1.36B vs. $1.64B); revenue rose 70% year-over-year despite negative margins and return on equity.
- Institutional investors own 94.46% of the stock and analysts carry a consensus "Moderate Buy" rating with an average price target of $133.96, though individual targets vary significantly.
Roblox Corporation (NYSE:RBLX - Get Free Report) Director Anthony Lee sold 59,000 shares of the business's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $79.96, for a total value of $4,717,640.00. Following the sale, the director owned 257,258 shares in the company, valued at approximately $20,570,349.68. The trade was a 18.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Roblox Trading Up 0.1%
Shares of RBLX stock opened at $81.07 on Tuesday. The stock has a market cap of $53.09 billion, a P/E ratio of -56.69 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The business has a fifty day simple moving average of $94.88 and a 200-day simple moving average of $113.57.
Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned ($0.37) EPS. The business's revenue for the quarter was up 70.3% compared to the same quarter last year. On average, analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Roblox in the second quarter worth approximately $350,720,000. Vanguard Group Inc. increased its position in Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company's stock worth $8,648,911,000 after purchasing an additional 3,284,073 shares during the last quarter. Federated Hermes Inc. raised its stake in Roblox by 103.0% during the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company's stock worth $341,410,000 after purchasing an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Roblox by 47.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company's stock worth $503,718,000 after purchasing an additional 1,531,380 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Roblox by 359.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company's stock valued at $191,295,000 after purchasing an additional 1,422,894 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group set a $160.00 price objective on shares of Roblox in a research note on Thursday, October 30th. BTIG Research lowered their target price on Roblox from $180.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, October 30th. BMO Capital Markets raised their price target on Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Macquarie boosted their price target on Roblox from $158.00 to $164.00 and gave the stock an "outperform" rating in a report on Tuesday, November 4th. Finally, Morgan Stanley restated an "overweight" rating on shares of Roblox in a research report on Thursday, December 11th. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $133.96.
Read Our Latest Research Report on Roblox
About Roblox
(
Get Free Report)
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.
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