Roblox Co. (NYSE:RBLX) CAO Sells $311,357.22 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 6,054 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $311,357.22. Following the completion of the sale, the chief accounting officer now directly owns 85,008 shares of the company’s stock, valued at approximately $4,371,961.44. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40.
• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total transaction of $540,455.22.

Roblox Trading Up 0.1 %

Shares of RBLX stock opened at $49.38 on Friday. The company has a 50 day moving average price of $46.00 and a 200 day moving average price of $40.94. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted ($0.45) EPS. Analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently bought and sold shares of RBLX. Virtu Financial LLC purchased a new stake in Roblox during the 3rd quarter worth $2,341,000. Toronto Dominion Bank grew its stake in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares during the period. M&T Bank Corp lifted its position in Roblox by 7.0% during the 3rd quarter. M&T Bank Corp now owns 20,105 shares of the company’s stock worth $889,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Roblox by 7.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,750 shares of the company’s stock worth $5,787,000 after acquiring an additional 8,970 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RBLX shares. Canaccord Genuity Group upped their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Macquarie raised their price target on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Benchmark raised their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup upped their price target on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

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.