Roblox (NYSE:RBLX) CAO Amy Marie Rawlings Sells 274 Shares

Roblox Corporation (NYSE:RBLX) CAO Amy Marie Rawlings sold 274 shares of Roblox stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $48.00, for a total transaction of $13,152.00. Following the completion of the sale, the chief accounting officer directly owned 34,964 shares in the company, valued at $1,678,272. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Amy Marie Rawlings sold 2,895 shares of Roblox stock. The shares were sold at an average price of $45.24, for a total transaction of $130,969.80.

Roblox Price Performance

Roblox stock opened at $45.73 on Thursday. The stock has a market capitalization of $30.71 billion, a P/E ratio of -28.95 and a beta of 1.50. The company’s fifty day moving average price is $52.92 and its 200 day moving average price is $70.09. Roblox Corporation has a 1 year low of $40.15 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. As a group, equities research analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox declared that its board has authorized a stock repurchase plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RBLX shares. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and cut their price target for the company from $54.00 to $49.00 in a report on Friday, May 1st. Bank of America cut Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research note on Friday, May 1st. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Wedbush cut Roblox from a “hold” rating to a “neutral” rating in a research note on Friday, May 1st. Finally, Canaccord Genuity Group dropped their price objective on Roblox from $140.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.07.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Roblox by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after purchasing an additional 1,020,786 shares during the last quarter. Capital International Investors raised its stake in shares of Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after buying an additional 2,184,439 shares in the last quarter. Morgan Stanley raised its stake in shares of Roblox by 8.1% during the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after buying an additional 1,555,549 shares in the last quarter. State Street Corp raised its stake in shares of Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after buying an additional 442,518 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Roblox by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after buying an additional 547,103 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.