Roblox (NYSE:RBLX) Insider Matthew Kaufman Sells 14,904 Shares

Roblox Corporation (NYSE:RBLX – Get Free Report) insider Matthew Kaufman sold 14,904 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $565,755.84. Following the completion of the sale, the insider directly owned 335,060 shares of the company’s stock, valued at approximately $12,718,877.60. This represents a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roblox Trading Up 0.9%

• Why These Three Big Buybacks Are Sending Very Different Signals to Investors

Roblox stock traded up $0.33 during mid-day trading on Monday, hitting $38.70. The stock had a trading volume of 8,331,997 shares, compared to its average volume of 11,929,390. The stock has a 50-day simple moving average of $47.11 and a two-hundred day simple moving average of $52.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The stock has a market capitalization of $25.93 billion, a PE ratio of -27.06 and a beta of 1.46. Roblox Corporation has a 12 month low of $33.88 and a 12 month 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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the business earned ($0.41) EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Roblox Corporation will post -1.39 EPS for the current year.

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