Streetbeat News

RBLX

Roblox Corporation

https://corp.roblox.com

Industry

Electronic Gaming & Multimedia

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. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

Open

52.50

Mkt cap

33B

Volume

9.1M

High

52.53

P/E Ratio

-31.12

52-wk high

55.10

Low

50.68

Div yield

N/A

52-wk low

29.55

Roblox CEO David Baszucki announced that Roblox Beta went live on Meta Quest on July 27, and it has seen over one million downloads in the first five days.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:41 am

Benzinga's options activity scanner has identified significant options activity in 10 communication services stocks. The stocks include ROKU, META, PINS, RBLX, GOOGL, EA, AMC, DIS, T, and SIRI. The options activity ranges from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:55 am

Benzinga's options activity scanner has identified significant trading activity in 10 communication services stocks. The stocks include Meta Platforms (META), Activision Blizzard (ATVI), The Walt Disney Company (DIS), Roblox Corporation (RBLX), Netflix (NFLX), Bilibili (BILI), Alphabet (GOOGL), Sea Limited (SE), Match Group (MTCH), and T-Mobile US (TMUS). The options activity could potentially influence the stock prices of these companies in the short term.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 5:35 pm

Roblox has announced the open beta availability of its platform on Meta Quest 2 and Quest Pro via App Lab. This move allows users to optimize their experiences for Meta Quest VR devices.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 4:31 pm

Insiders at Amazon, Roblox, United Airlines, and Halliburton have recently sold shares. Amazon's CEO of Web Services sold 1,000 shares following a 15% reduction in the purchase consideration for iRobot's takeover. Roblox's Director sold 8,333 shares amid a data breach that exposed sensitive information of creators. United Airlines' EVP and CFO sold 4,491 shares after reporting better-than-expected Q2 results and strong FY23 guidance. Halliburton's Senior VP of Tax sold 10,000 shares after Q2 revenue growth missed consensus.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:12 pm

Addentax Group Corp. (NASDAQ:ATXG) has announced a partnership with Hangzhou Yuanyuzhou Technology Co., Ltd (NFTCN-Bigverse) to launch a Metaverse project. The project aims to establish an expansive NFT ecosystem, merging blockchain technology, internet content, and society. The company's CEO mentioned the entry of major internet corporations like Meta Platforms, Inc. (NASDAQ:META) and Roblox Corporation (NASDAQ:RBLX) into the rapidly growing sector as a motivation for their venture.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 1:18 pm

Roblox announced that it is releasing native support for Roblox and Roblox Studio on devices powered by Apple Silicon.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:05 pm

Roblox Corp (NYSE:RBLX) has faced a data breach that exposed the sensitive information of thousands of its creators. The breach, which occurred between 2017-2020, was only publicly disclosed this week. The leaked data includes names, usernames, birth dates, email addresses, IP addresses, phone numbers, and T-shirt sizes. The breach may have affected 3,943 Roblox accounts. The company has reached out to impacted users, offering identity protection and apologies.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 1:40 pm

PC Gamer reported a data leak at Roblox, which exposed 4,000 developer profiles, including identifying information. The breach could potentially impact the company's reputation and user trust.

Portfolio Pulse from Charles Gross

July 21, 2023 | 10:41 am

A whale investor has taken a bearish stance on Roblox (NYSE:RBLX), with 72% of the spotted trades being bearish. The whales have been targeting a price range from $30.0 to $55.0 for Roblox over the last 3 months. The price of RBLX is currently down -5.53% at $42.38. Needham downgraded its action to Buy with a price target of $48, while Truist Securities maintained their Hold rating with a price target of $45.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:01 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.