Roblox Corporation (NYSE:RBLX - Get Free Report) insider Sean Jack Buckley sold 4,321 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $38.68, for a total value of $167,136.28. Following the transaction, the insider directly owned 87,213 shares in the company, valued at $3,373,398.84. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 Performance
RBLX stock opened at $39.15 on Wednesday. The company has a 50-day simple moving average of $46.77 and a 200 day simple moving average of $52.21. The company has a market capitalization of $26.23 billion, a P/E ratio of -27.38 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a fifty-two week low of $33.88 and a fifty-two week high of $142.00.
Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter last year, the company earned ($0.41) EPS. Roblox's quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts predict that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.
Roblox declared that its board has initiated a stock repurchase plan on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Analysts Set New Price Targets
Several research analysts have issued reports on RBLX shares. TD Cowen decreased their price target on shares of Roblox from $49.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, July 31st. Arete Research set a $95.00 price objective on Roblox and gave the stock a "buy" rating in a report on Monday, June 29th. Wolfe Research lowered shares of Roblox from an "outperform" rating to a "hold" rating in a research note on Friday, July 31st. Needham & Company LLC decreased their target price on shares of Roblox from $60.00 to $50.00 and set a "buy" rating for the company in a report on Friday, July 31st. Finally, UBS Group set a $33.00 target price on shares of Roblox in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of "Hold" and a consensus target price of $60.89.
View Our Latest Stock Analysis on Roblox
Roblox News Summary
Here are the key news stories impacting Roblox this week:
- Positive Sentiment: Short interest fell 42.4% to 13.88 million shares as of August 14, down from 24.11 million shares on July 30. Only about 2.3% of Roblox’s outstanding shares are now sold short, and the short-interest ratio is 0.8 days. The reduction suggests that bearish investors have been covering positions, potentially reducing near-term selling pressure on RBLX. Roblox short interest data
- Neutral Sentiment: CEO David Baszucki, CFO Naveen Chopra, CAO Amy Rawlings, and other insiders collectively sold shares worth roughly $4.31 million in transactions dated August 20, with additional shares sold by Sean Jack Buckley on August 24. Most filings said the sales were made to cover tax obligations associated with equity-award vesting, rather than discretionary open-market selling. Roblox insider transaction filings
- Neutral Sentiment: Although the transactions reduced individual insider holdings by approximately 4% to 7%, the executives and directors continued to own substantial positions. As a result, the sales offer limited evidence of deteriorating management confidence and are unlikely to be a major catalyst by themselves. Sean Jack Buckley insider filing
Institutional Investors Weigh In On Roblox
A number of institutional investors have recently bought and sold shares of RBLX. Sunbelt Securities Inc. increased its holdings in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company's stock valued at $39,000 after purchasing an additional 105 shares during the period. Horizon Investments LLC boosted its holdings in shares of Roblox by 2,636.4% during the third quarter. Horizon Investments LLC now owns 301 shares of the company's stock worth $42,000 after purchasing an additional 290 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in shares of Roblox during the fourth quarter worth approximately $27,000. GW&K Investment Management LLC grew 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 in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Roblox during the fourth quarter valued at approximately $32,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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