Roblox Co. (NYSE:RBLX) CFO Sells $1,325,802.76 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,614 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the transaction, the chief financial officer now owns 395,465 shares of the company’s stock, valued at $24,257,823.10. This represents a 5.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 value of $1,724,594.76.
• On Thursday, December 5th, Michael Guthrie sold 100,000 shares of Roblox stock. The shares were sold at an average price of $55.92, for a total value of $5,592,000.00.

Roblox Stock Up 0.5 %

RBLX opened at $59.71 on Thursday. The company has a market capitalization of $36.96 billion, a PE ratio of -41.18 and a beta of 1.46. The business has a 50-day moving average of $64.01 and a 200-day moving average of $52.94. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

Institutional Investors Weigh In On Roblox

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Roblox by 21.6% during the 3rd quarter. Signaturefd LLC now owns 5,900 shares of the company’s stock worth $261,000 after acquiring an additional 1,047 shares in the last quarter. International Assets Investment Management LLC boosted its position in Roblox by 1,430.3% during the third quarter. International Assets Investment Management LLC now owns 84,271 shares of the company’s stock worth $3,730,000 after purchasing an additional 78,764 shares during the period. IFM Investors Pty Ltd boosted its position in Roblox by 1.1% during the third quarter. IFM Investors Pty Ltd now owns 92,118 shares of the company’s stock worth $4,077,000 after purchasing an additional 976 shares during the period. Assenagon Asset Management S.A. grew its holdings in Roblox by 853.1% during the third quarter. Assenagon Asset Management S.A. now owns 278,576 shares of the company’s stock valued at $12,330,000 after purchasing an additional 249,347 shares during the last quarter. Finally, Forsta AP Fonden raised its position in shares of Roblox by 10.7% in the third quarter. Forsta AP Fonden now owns 101,200 shares of the company’s stock valued at $4,479,000 after purchasing an additional 9,800 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RBLX. Citigroup boosted their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Roth Mkm raised their target price on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Piper Sandler restated an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Raymond James reissued a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. One equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.