Roblox Co. (NYSE:RBLX) Director Sells $936,997.60 in Stock

Roblox Co. (NYSE:RBLX) Director Christopher Carvalho sold 12,985 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $72.16, for a total value of $936,997.60. Following the sale, the director now owns 982,412 shares of the company’s stock, valued at $70,890,849.92. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Christopher Carvalho also recently made the following trade(s):

• On Monday, March 3rd, Christopher Carvalho sold 12,986 shares of Roblox stock. The stock was sold at an average price of $63.57, for a total transaction of $825,520.02.

Roblox Stock Up 2.6 %

Shares of RBLX opened at $71.89 on Friday. Roblox Co. has a 12 month low of $30.56 and a 12 month high of $75.74. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of -49.58 and a beta of 1.46. The company has a 50-day moving average price of $60.65 and a two-hundred day moving average price of $59.42. 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 (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned ($0.43) EPS. Roblox’s quarterly revenue was up 30.6% on a year-over-year basis. Equities analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Benchmark upped their target price on Roblox from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Canaccord Genuity Group lifted their price target on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating on shares of Roblox in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

Institutional Investors Weigh In On Roblox

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC increased its holdings in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox in the 1st quarter valued at $39,000. Finally, Colonial Trust Co SC bought a new stake in shares of Roblox during the fourth quarter worth $41,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

About Roblox

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.