Michael Guthrie Sells 50,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the completion of the transaction, the chief financial officer now owns 516,434 shares of the company’s stock, valued at $30,361,154.86. This trade represents a 8.83 % 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 Tuesday, March 4th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00.
• On Monday, February 24th, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $61.14, for a total value of $3,057,000.00.
• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The shares were sold at an average price of $61.34, for a total value of $1,325,802.76.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76.

Roblox Stock Performance

Shares of Roblox stock opened at $56.16 on Friday. The stock’s fifty day simple moving average is $60.53 and its 200 day simple moving average is $56.19. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $35.30 billion, a PE ratio of -38.73 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $71.00 price objective on shares of Roblox in a report on Tuesday, March 18th. FBN Securities initiated coverage on Roblox in a research note on Friday, March 28th. They issued a “sector perform” rating and a $65.00 target price for the company. Oppenheimer raised Roblox from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Thursday. Finally, Needham & Company LLC lifted their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $64.22.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd raised its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox in the 1st quarter valued at about $39,000. Colonial Trust Co SC bought a new stake in shares of Roblox in the fourth quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Institutional investors own 94.46% of the company’s stock.

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.