On September 11, 2024, Manuel Bronstein, Chief Product Officer of Roblox Corp (NYSE:RBLX), executed a sale of 15,380 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 712,105 shares of Roblox Corp.
Roblox Corp operates an online platform that allows users to create, build, and develop 3D digital worlds. The platform, which is especially popular among younger audiences, provides a space where users can interact, play, and learn in user-generated digital universes.
Over the past year, the insider has sold a total of 228,259 shares and has not made any purchases. This recent sale is part of a broader trend within Roblox Corp, where there have been 75 insider sells and no insider buys over the past year.
On the day of the sale, shares of Roblox Corp were trading at $45, giving the company a market cap of approximately $29.39 billion. According to the GF Value, the intrinsic value of the stock is estimated at $54.79, suggesting that Roblox Corp is modestly undervalued with a price-to-GF-Value ratio of 0.82.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the companys past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and behavior within the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
