Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 4,468 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The shares were sold at an average price of $65.00, for a total value of $382,135.00.

Roblox Trading Down 2.3 %

Shares of RBLX stock traded down $1.42 during trading hours on Monday, hitting $61.09. 8,734,942 shares of the company’s stock traded hands, compared to its average volume of 9,248,760. The stock has a market cap of $37.82 billion, a PE ratio of -42.13 and a beta of 1.46. The stock’s 50 day simple moving average is $64.04 and its 200 day simple moving average is $52.57. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

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

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. Raymond James restated a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Barclays cut their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Wedbush restated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Finally, Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Hedge Funds Weigh In On Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the period. FMR LLC boosted its holdings in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares during the period. Ieq Capital LLC boosted its stake in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. Finally, State Street Corp lifted its stake in Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after acquiring an additional 240,565 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.