Roblox Co. (NYSE:RBLX) CFO Sells $2,939,500.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the transaction, the chief financial officer now owns 516,434 shares in the company, valued at approximately $30,361,154.86. This represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 4th, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00.
• 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 value of $3,057,000.00.
• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The shares were sold at an average price of $61.34, for a total value of $1,325,802.76.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76.

Roblox Price Performance

Shares of NYSE:RBLX opened at $56.16 on Friday. The firm has a market capitalization of $35.30 billion, a PE ratio of -38.73 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The business’s 50 day moving average is $60.53 and its 200-day moving average is $56.19.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Sell-side analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the first quarter worth about $39,000. Merit Financial Group LLC lifted its position in shares of Roblox by 271.5% during the 1st quarter. Merit Financial Group LLC now owns 47,282 shares of the company’s stock worth $2,756,000 after buying an additional 34,554 shares during the period. Donor Advised Charitable Giving Inc. lifted its position in shares of Roblox by 62.0% during the 1st quarter. Donor Advised Charitable Giving Inc. now owns 106,461 shares of the company’s stock worth $6,206,000 after buying an additional 40,758 shares during the period. Rhumbline Advisers boosted its stake in Roblox by 1.7% in the 1st quarter. Rhumbline Advisers now owns 761,475 shares of the company’s stock valued at $44,386,000 after buying an additional 12,900 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Roblox by 10,945.9% in the first quarter. GAMMA Investing LLC now owns 132,551 shares of the company’s stock valued at $7,726,000 after acquiring an additional 131,351 shares during the period. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBLX. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. HSBC assumed coverage on Roblox in a report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price on the stock. Wells Fargo & Company decreased their price target on Roblox from $76.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday. Benchmark reissued a “buy” rating and issued a $71.00 price objective on shares of Roblox in a research note on Tuesday, March 18th. Finally, Roth Mkm upped their target price on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.22.

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.