Amy Marie Rawlings Sells 4,090 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,090 shares of Roblox stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $61.30, for a total value of $250,717.00. Following the completion of the sale, the chief accounting officer now owns 71,493 shares of the company’s stock, valued at $4,382,520.90. This trade represents a 5.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, February 20th, Amy Marie Rawlings sold 4,468 shares of Roblox stock. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12.
• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00.

Roblox Stock Performance

NYSE:RBLX opened at $60.43 on Friday. The firm has a 50-day moving average of $64.04 and a two-hundred day moving average of $52.99. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market cap of $37.41 billion, a P/E ratio of -41.68 and a beta of 1.46. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RBLX shares. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Needham & Company LLC upped their price target on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, BTIG Research increased their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Institutional Trading of Roblox

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Roblox during the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust grew its stake in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.