Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 26,154 Shares of Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Guthrie also recently made the following trade(s):

• On Thursday, December 5th, Michael Guthrie sold 100,000 shares of Roblox stock. The stock was sold at an average price of $55.92, for a total value of $5,592,000.00.
• On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total value of $1,113,819.51.
• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00.

Roblox Stock Down 2.8 %

NYSE RBLX opened at $64.18 on Thursday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average of $63.17 and a 200-day moving average of $51.20.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Analysts forecast that Roblox Co. will post -1.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RBLX shares. JPMorgan Chase & Co. boosted their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Wedbush reissued an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. Moffett Nathanson lowered shares of 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. CICC Research began coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC raised their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Investors Weigh In On Roblox

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank grew its holdings in Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC grew its stake in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Roblox in the fourth quarter valued at about $363,000. Entropy Technologies LP lifted its stake in Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after buying an additional 62,521 shares during the period. Finally, Silicon Valley Capital Partners boosted its holdings in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares during the last quarter. 94.46% of the stock is 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.