Insider Selling: Roblox Co. (NYSE:RBLX) CAO Sells 3,601 Shares of Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 3,601 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the transaction, the chief accounting officer now owns 81,407 shares of the company’s stock, valued at $4,014,993.24. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The stock was 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 Stock Performance

RBLX traded down $0.10 during midday trading on Tuesday, reaching $49.06. The company had a trading volume of 6,918,249 shares, compared to its average volume of 7,633,297. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10. The company has a market cap of $29.81 billion, a P/E ratio of -29.91 and a beta of 1.56. The business has a 50-day moving average of $46.13 and a two-hundred day moving average of $41.22. 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 released its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned ($0.45) EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC raised its holdings in shares of 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. PARK CIRCLE Co bought a new position in Roblox in the second quarter worth about $30,000. Strategic Financial Concepts LLC bought a new position in Roblox in the second quarter worth about $33,000. Finally, Gilliland Jeter Wealth Management LLC grew its stake in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBLX. BTIG Research lifted their price objective on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Roth Mkm boosted their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Macquarie boosted their price target on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup boosted their price target on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.