Roblox Co. (NYSE:RBLX) CFO Sells $1,245,000.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $14,643,026. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Guthrie also recently made the following trade(s):

• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43.
• On Tuesday, August 20th, Michael Guthrie sold 21,789 shares of Roblox stock. The shares were sold at an average price of $40.35, for a total value of $879,186.15.
• On Wednesday, August 14th, Michael Guthrie sold 30,000 shares of Roblox stock. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00.

Roblox Price Performance

NYSE:RBLX traded up $1.21 during midday trading on Wednesday, hitting $41.72. 10,686,705 shares of the stock were exchanged, compared to its average volume of 7,344,477. The business has a 50-day moving average price of $42.61 and a two-hundred day moving average price of $38.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of -22.31 and a beta of 1.60. Roblox Co. has a one year low of $29.55 and a one year high of $48.43.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.46) earnings per share. Sell-side analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Institutional Trading of Roblox

A number of hedge funds have recently bought and sold shares of the company. Swedbank AB lifted its holdings in Roblox by 0.5% in the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after purchasing an additional 285 shares during the last quarter. Thrive Wealth Management LLC lifted its stake in Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the period. Mystic Asset Management Inc. lifted its holdings in shares of Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after acquiring an additional 325 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Roblox by 0.3% in the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after acquiring an additional 380 shares during the last quarter. Finally, Center for Financial Planning Inc. raised its holdings in shares of Roblox by 2.3% in the second quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock valued at $659,000 after buying an additional 400 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the topic of several analyst reports. Jefferies Financial Group started coverage on Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 price target on the stock. Wolfe Research started coverage on Roblox in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Benchmark boosted their price objective on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler boosted their target price on Roblox from $48.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Needham & Company LLC boosted their target price on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.14.

About Roblox

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.