Insider Selling: Roblox Co. (NYSE:RBLX) CAO Sells $250,717.00 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,090 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $61.30, for a total transaction of $250,717.00. Following the completion of the sale, the chief accounting officer now owns 71,493 shares of the company’s stock, valued at $4,382,520.90. This trade represents a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, February 20th, Amy Marie Rawlings sold 4,468 shares of Roblox stock. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12.
• 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 Trading Up 5.1 %

Shares of RBLX stock opened at $63.53 on Friday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market cap of $39.33 billion, a PE ratio of -43.82 and a beta of 1.46. The company has a 50-day moving average of $64.11 and a two-hundred day moving average of $53.18. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RBLX shares. Barclays reduced their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, 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 report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Institutional Trading of Roblox

Hedge funds have recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC raised its holdings 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 acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 acquiring an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings 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 acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Roblox in the fourth quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust raised its holdings 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 acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds 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.