Roblox Co. (NYSE:RBLX) CAO Sells $274,067.12 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 24th, Amy Marie Rawlings sold 4,090 shares of Roblox stock. The shares were sold at an average price of $61.30, for a total transaction of $250,717.00.
• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00.

Roblox Stock Performance

NYSE RBLX opened at $59.71 on Thursday. The stock has a market cap of $36.96 billion, a P/E ratio of -41.18 and a beta of 1.46. The company’s 50-day simple moving average is $64.01 and its 200 day simple moving average is $52.94. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on RBLX. Wells Fargo & Company upped their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. Citigroup upped their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC boosted its position in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc boosted its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Colonial Trust Co SC acquired a new position in Roblox in the fourth quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

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.