Roblox Co. (NYSE:RBLX) CAO Sells $515,498.06 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 6,391 shares of Roblox stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total transaction of $515,498.06. Following the sale, the chief accounting officer now owns 73,931 shares in the company, valued at $5,963,274.46. This represents a 7.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amy Marie Rawlings also recently made the following trade(s):

• On Monday, February 24th, Amy Marie Rawlings sold 4,090 shares of Roblox stock. The stock was sold at an average price of $61.30, for a total transaction of $250,717.00.

Roblox Stock Up 0.6%

Shares of NYSE RBLX opened at $82.26 on Friday. The firm’s 50-day simple moving average is $65.26 and its 200 day simple moving average is $61.78. The company has a market cap of $51.82 billion, a price-to-earnings ratio of -56.73 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $31.84 and a 12-month high of $83.04.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. The Goldman Sachs Group lifted their price target on shares of Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. Canaccord Genuity Group lifted their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Barclays boosted their target price on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Macquarie boosted their target price on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Finally, OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.68.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Merit Financial Group LLC bought a new stake in Roblox during the 4th quarter worth about $736,000. Simon Quick Advisors LLC raised its holdings in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Roblox by 38.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company’s stock worth $1,476,000 after purchasing an additional 7,103 shares during the last quarter. Impact Partnership Wealth LLC raised its holdings in Roblox by 11.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 7,480 shares of the company’s stock worth $433,000 after purchasing an additional 750 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in Roblox during the 4th quarter worth about $202,000. 94.46% of the stock is owned by institutional investors.

Roblox Company Profile

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.