Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 21,614 Shares

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,614 shares of Roblox stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the completion of the transaction, the chief financial officer now owns 395,465 shares of the company’s stock, valued at $24,257,823.10. This represents a 5.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76.
• 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 transaction of $5,592,000.00.

Roblox Stock Down 2.3 %

RBLX opened at $61.09 on Tuesday. The business’s fifty day simple moving average is $64.03 and its 200 day simple moving average is $52.74. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a market cap of $37.82 billion, a P/E ratio of -42.13 and a beta of 1.46. 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 issued its quarterly earnings results 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 net margin of 25.97% and a negative return on equity of 665.98%. As a group, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC boosted its holdings in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after purchasing an additional 161 shares during the last quarter. Rakuten Securities Inc. lifted its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares during the period. Simon Quick Advisors LLC lifted its position in Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after buying an additional 217 shares during the period. Parkside Financial Bank & Trust boosted its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on RBLX shares. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price target (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. CICC Research assumed coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Finally, HSBC assumed coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

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.