Roblox Co. (NYSE:RBLX) CFO Sells $3,007,000.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the transaction, the chief financial officer now owns 395,465 shares in the company, valued at $23,783,265.10. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 24th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $61.14, for a total transaction of $3,057,000.00.
• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The stock was sold at an average price of $61.34, for a total transaction of $1,325,802.76.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76.

Roblox Stock Down 2.3 %

Shares of RBLX stock opened at $57.24 on Friday. The company has a 50 day simple moving average of $64.23 and a two-hundred day simple moving average of $53.99. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market cap of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Roblox by 94.4% during the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock valued at $815,000 after purchasing an additional 8,939 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Roblox by 724.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company’s stock worth $35,607,000 after buying an additional 706,939 shares during the period. Gulf International Bank UK Ltd increased its position in Roblox by 8.4% during the 3rd quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company’s stock valued at $1,667,000 after purchasing an additional 2,932 shares during the period. Principal Financial Group Inc. increased its position in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock valued at $8,047,000 after purchasing an additional 137,267 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Roblox during the 3rd quarter valued at about $100,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

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.