Roblox Co. (NYSE:RBLX) CAO Sells $382,135.00 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Amy Marie Rawlings also recently made the following trade(s):

• On Friday, November 22nd, Amy Marie Rawlings sold 3,601 shares of Roblox stock. The stock was sold at an average price of $49.32, for a total value of $177,601.32.
• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The stock was sold at an average price of $52.90, for a total value of $115,639.40.

Roblox Trading Up 0.8 %

RBLX traded up $0.54 during trading on Tuesday, reaching $66.07. 5,414,178 shares of the company’s stock were exchanged, compared to its average volume of 6,600,401. The company’s fifty day moving average price is $57.34 and its 200-day moving average price is $47.90. The firm has a market capitalization of $40.14 billion, a PE ratio of -40.29 and a beta of 1.43. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $66.86. 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 (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned ($0.45) earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the topic of several analyst reports. Raymond James reaffirmed a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Wells Fargo & Company upped their price objective 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. Needham & Company LLC lifted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, BTIG Research lifted their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $57.48.

Institutional Trading of Roblox

A number of hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Roblox during the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC boosted its position in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC increased its position in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares in the last quarter. Finally, Huntington National Bank raised its stake in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after buying an additional 770 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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.