Roblox Co. (NYSE:RBLX) CAO Sells $382,135.00 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, November 22nd, Amy Marie Rawlings sold 3,601 shares of Roblox stock. The stock was sold at an average price of $49.32, for a total value of $177,601.32.
• 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 value of $311,357.22.
• 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 value of $115,639.40.

Roblox Trading Up 1.7 %

Shares of RBLX stock opened at $67.12 on Friday. The company has a market cap of $40.78 billion, a PE ratio of -40.93 and a beta of 1.43. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $67.32. The stock’s 50 day simple moving average is $58.12 and its two-hundred day simple moving average is $48.35. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RBLX shares. HSBC initiated coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 target price on the stock. Benchmark lifted their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler lifted their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.48.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently added to or reduced their stakes in RBLX. Gries Financial LLC bought a new position in shares of Roblox during the fourth quarter valued at approximately $243,000. Swedbank AB boosted its holdings in Roblox by 117.1% during the 4th quarter. Swedbank AB now owns 141,799 shares of the company’s stock valued at $8,204,000 after acquiring an additional 76,497 shares during the period. Smith Group Asset Management LLC grew its position in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after acquiring an additional 62,390 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Roblox by 0.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 807,075 shares of the company’s stock worth $46,697,000 after purchasing an additional 2,587 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Roblox during the fourth quarter worth $84,000. 94.46% of the stock is currently owned by institutional investors.

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.