Roblox Co. (NYSE:RBLX – Free Report) was the target of some unusual options trading activity on Monday. Stock investors purchased 67,038 call options on the stock. This represents an increase of 28% compared to the typical volume of 52,239 call options.
Insider Activity at Roblox
In related news, insider Craig Donato sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $40.25, for a total value of $80,500.00. Following the completion of the sale, the insider now directly owns 1,248,097 shares in the company, valued at approximately $50,235,904.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Roblox news, Director Gregory Baszucki sold 8,334 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $37.92, for a total transaction of $316,025.28. Following the completion of the sale, the director now directly owns 9,888,601 shares in the company, valued at $374,975,749.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Donato sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $40.25, for a total transaction of $80,500.00. Following the sale, the insider now owns 1,248,097 shares of the company’s stock, valued at $50,235,904.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 841,472 shares of company stock worth $33,508,858. Insiders own 27.67% of the company’s stock.
Hedge Funds Weigh In On Roblox
A number of hedge funds have recently modified their holdings of RBLX. Slow Capital Inc. acquired a new stake in Roblox during the 1st quarter worth about $31,000. 1832 Asset Management L.P. bought a new stake in Roblox in the first quarter worth approximately $32,000. James Investment Research Inc. acquired a new position in Roblox in the first quarter valued at approximately $33,000. Fifth Third Bancorp boosted its holdings in shares of Roblox by 62.5% during the 1st quarter. Fifth Third Bancorp now owns 759 shares of the company’s stock worth $34,000 after buying an additional 292 shares in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Roblox during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 64.57% of the company’s stock.
Roblox Stock Performance
Roblox (NYSE:RBLX – Free Report) last issued its quarterly earnings results on Wednesday, May 10th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.02). The business had revenue of $773.82 million for the quarter, compared to analyst estimates of $764.74 million. Roblox had a negative return on equity of 270.57% and a negative net margin of 44.06%. On average, equities analysts forecast that Roblox will post -1.82 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
RBLX has been the topic of several recent research reports. Barclays raised their target price on shares of Roblox from $28.00 to $32.00 in a report on Thursday, May 11th. Roth Capital raised shares of Roblox from a “neutral” rating to a “buy” rating in a report on Thursday, May 11th. VNET Group reaffirmed a “maintains” rating on shares of Roblox in a report on Monday, May 8th. Jefferies Financial Group raised their target price on shares of Roblox from $48.00 to $52.00 in a report on Thursday, April 6th. Finally, Needham & Company LLC lowered their target price on shares of Roblox from $53.00 to $48.00 in a report on Thursday, May 11th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Hold” and an average target price of $40.54.
Roblox Company Profile
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
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