Roblox Co. (NYSE:RBLX - Get Free Report) Director Anthony P. Lee sold 21,200 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the transaction, the director now owns 6,589,757 shares in the company, valued at $404,413,387.09. The trade was a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Roblox Trading Down 5.5 %
Shares of NYSE RBLX opened at $58.23 on Friday. The firm's 50 day moving average price is $62.71 and its 200-day moving average price is $55.81. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $36.05 billion, a PE ratio of -40.16 and a beta of 1.49.
Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, equities research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on RBLX. Macquarie raised their target price on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Barclays dropped their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Roth Mkm upped their target price on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.23.
Get Our Latest Analysis on Roblox
Institutional Investors Weigh In On Roblox
Several institutional investors have recently modified their holdings of RBLX. Vanguard Group Inc. grew its position in Roblox by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the period. FMR LLC grew its stake in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the period. Wealthfront Advisers LLC increased its position in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares during the period. Finally, State Street Corp boosted its holdings in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after buying an additional 240,565 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
About Roblox
(
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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.
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