Roblox Co. (NYSE:RBLX - Get Free Report) insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total value of $347,940.00. Following the transaction, the insider now directly owns 364,244 shares in the company, valued at $21,122,509.56. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Roblox Price Performance
Shares of NYSE:RBLX opened at $50.96 on Wednesday. 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 firm has a market cap of $31.55 billion, a price-to-earnings ratio of -35.15 and a beta of 1.49. The business has a 50-day simple moving average of $61.40 and a two-hundred day simple moving average of $56.05. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.
Institutional Trading of Roblox
Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of Roblox by 21.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company's stock valued at $1,533,000 after purchasing an additional 6,077 shares during the period. Captrust Financial Advisors bought a new stake in Roblox during the third quarter valued at approximately $818,000. Janus Henderson Group PLC increased its holdings in Roblox by 3.9% during the third quarter. Janus Henderson Group PLC now owns 48,908 shares of the company's stock valued at $2,164,000 after buying an additional 1,827 shares during the last quarter. Quantinno Capital Management LP raised its position in Roblox by 85.8% in the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company's stock worth $1,519,000 after acquiring an additional 15,846 shares during the period. Finally, State Street Corp boosted its stake in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after acquiring an additional 240,565 shares during the last quarter. Institutional investors own 94.46% of the company's stock.
Analysts Set New Price Targets
RBLX has been the topic of several recent analyst reports. Benchmark reiterated a "buy" rating and issued a $71.00 price target on shares of Roblox in a report on Tuesday, March 18th. Needham & Company LLC boosted their price target on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 7th. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 price target for the company. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Wedbush reissued an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.23.
Check Out Our Latest Stock Analysis on Roblox
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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