Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells 21,657 Shares of Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,657 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $1,113,819.51. Following the sale, the chief financial officer now owns 331,187 shares of the company’s stock, valued at approximately $17,032,947.41. This represents a 6.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00.
• On Thursday, October 31st, Michael Guthrie sold 10,000 shares of Roblox stock. The stock was sold at an average price of $49.44, for a total value of $494,400.00.
• On Monday, October 7th, Michael Guthrie sold 30,000 shares of Roblox stock. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00.
• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The stock was sold at an average price of $45.01, for a total value of $154,969.43.

Roblox Trading Up 0.1 %

Shares of Roblox stock opened at $49.38 on Friday. The company’s 50 day moving average price is $46.00 and its two-hundred day moving average price is $40.94. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.45) EPS. On average, equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. Macquarie upped their price target on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler raised their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Barclays increased their price target on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Institutional Investors Weigh In On Roblox

Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in Roblox during the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares during the period. PARK CIRCLE Co bought a new stake in Roblox in the second quarter valued at approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox during the 2nd quarter valued at approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.