Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells $1,164,600.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michael Guthrie also recently made the following trade(s):

• On Friday, July 5th, Michael Guthrie sold 30,000 shares of Roblox stock. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00.
• On Tuesday, June 4th, Michael Guthrie sold 900 shares of Roblox stock. The shares were sold at an average price of $35.00, for a total transaction of $31,500.00.
• On Tuesday, May 21st, Michael Guthrie sold 22,076 shares of Roblox stock. The shares were sold at an average price of $32.56, for a total value of $718,794.56.

Roblox Price Performance

Shares of NYSE:RBLX opened at $40.59 on Monday. The company’s fifty day moving average price is $38.26 and its 200-day moving average price is $37.92. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of -21.82 and a beta of 1.60.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. Roblox’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.46) EPS. On average, equities research analysts anticipate that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. raised its holdings in Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after purchasing an additional 4,818,022 shares during the period. Baillie Gifford & Co. boosted its position in shares of Roblox by 1.9% during the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after acquiring an additional 535,414 shares during the last quarter. ARK Investment Management LLC boosted its holdings in shares of Roblox by 12.9% during the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after purchasing an additional 1,519,591 shares during the last quarter. Ieq Capital LLC grew its holdings in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after buying an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC increased its position in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on RBLX shares. Wedbush reiterated an “outperform” rating and issued a $46.00 price target on shares of Roblox in a report on Monday, July 29th. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price target on shares of Roblox in a research report on Tuesday, July 30th. Macquarie upped their price objective on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Benchmark raised their price objective on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $40.00 target price (down from $56.00) on shares of Roblox in a research report on Friday, May 10th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.15.

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.