Roblox Corporation (NYSE:RBLX – Get Free Report) CAO Amy Marie Rawlings sold 5,061 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $37.97, for a total value of $192,166.17. Following the completion of the transaction, the chief accounting officer owned 68,745 shares in the company, valued at approximately $2,610,247.65. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Amy Marie Rawlings also recently made the following trade(s):
- On Tuesday, August 25th, Amy Marie Rawlings sold 237 shares of Roblox stock. The shares were sold at an average price of $38.89, for a total value of $9,216.93.
- On Tuesday, May 26th, Amy Marie Rawlings sold 274 shares of Roblox stock. The shares were sold at an average price of $48.00, for a total value of $13,152.00.
Roblox Price Performance
RBLX stock opened at $37.53 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a 52-week low of $33.88 and a 52-week high of $142.00. The stock’s 50 day moving average is $46.56 and its two-hundred day moving average is $52.05. The company has a market capitalization of $25.14 billion, a PE ratio of -26.24 and a beta of 1.46.
Roblox announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Hedge Funds Weigh In On Roblox
Hedge funds have recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management bought a new stake in Roblox during the first quarter valued at $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Roblox in the 4th quarter worth about $27,000. Basecamp Wealth Advisors LLC lifted its position in shares of Roblox by 98.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock worth $29,000 after buying an additional 252 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Roblox by 76.3% in the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after buying an additional 161 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in shares of Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.
Wall Street Analysts Forecast Growth
RBLX has been the topic of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and set a $47.00 price objective (down from $50.00) on shares of Roblox in a report on Friday, July 31st. Wolfe Research lowered shares of Roblox from an “outperform” rating to a “hold” rating in a research note on Friday, July 31st. TD Cowen reduced their price target on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Raymond James Financial started coverage on Roblox in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Finally, BTIG Research lowered Roblox from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.89.
Check Out Our Latest Analysis on Roblox
Roblox Company Profile
Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.
Roblox’s business model is built around its virtual economy and creator ecosystem.
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