Roblox Co. (NYSE:RBLX) Insider Arvind Chakravarthy Sells 982 Shares

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roblox Price Performance

RBLX opened at $62.83 on Wednesday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock has a 50-day moving average price of $64.23 and a 200-day moving average price of $53.69. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market cap of $38.89 billion, a PE ratio of -43.33 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup lifted their price target on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. HSBC started coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target on the stock. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently bought and sold shares of RBLX. FMR LLC raised its position in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC raised its position in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. grew its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the period. Finally, Durable Capital Partners LP bought a new stake in shares of Roblox during the 4th quarter valued at about $246,560,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Company Profile

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.