Roblox Co. (NYSE:RBLX) Director Christopher Carvalho Sells 12,985 Shares

Roblox Co. (NYSE:RBLX) Director Christopher Carvalho sold 12,985 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $89.25, for a total transaction of $1,158,911.25. Following the transaction, the director now owns 986,913 shares in the company, valued at $88,081,985.25. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Christopher Carvalho also recently made the following trade(s):

• On Monday, May 5th, Christopher Carvalho sold 12,985 shares of Roblox stock. The shares were sold at an average price of $72.16, for a total transaction of $936,997.60.

Roblox Trading Up 1.3%

Shares of RBLX opened at $91.09 on Thursday. The stock’s 50-day moving average is $69.56 and its two-hundred day moving average is $63.65. The stock has a market cap of $61.78 billion, a PE ratio of -62.82 and a beta of 1.56. Roblox Co. has a 12 month low of $34.41 and a 12 month high of $91.78. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC lifted its stake in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after purchasing an additional 161 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Roblox by 1.2% during the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company’s stock worth $775,000 after purchasing an additional 163 shares in the last quarter. Commerce Bank lifted its stake in shares of Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company’s stock worth $423,000 after acquiring an additional 191 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Roblox by 6.1% in the first quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company’s stock worth $194,000 after acquiring an additional 192 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on RBLX. Canaccord Genuity Group increased their price target on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Wedbush reiterated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a research report on Thursday, April 24th. Oppenheimer increased their price target on shares of Roblox from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. Finally, The Goldman Sachs Group increased their price target on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.14.

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.