Roblox (NYSE:RBLX – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07, Briefing.com reports. The company had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative return on equity of 1,285.39% and a negative net margin of 34.12%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.46) EPS. Roblox updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Roblox Stock Down 6.3 %
Shares of RBLX stock traded down $2.45 during trading hours on Monday, hitting $36.59. 4,646,543 shares of the company’s stock traded hands, compared to its average volume of 7,386,896. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of -19.70 and a beta of 1.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The stock’s fifty day simple moving average is $37.48 and its two-hundred day simple moving average is $38.06. Roblox has a 12-month low of $24.88 and a 12-month high of $47.20.
Insider Activity at Roblox
In related news, CAO Amy Marie Rawlings sold 3,910 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares of the company’s stock, valued at $3,205,759.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 900 shares of Roblox stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total value of $31,500.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares of the company’s stock, valued at approximately $13,112,155. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 3,910 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the sale, the chief accounting officer now directly owns 98,457 shares of the company’s stock, valued at approximately $3,205,759.92. The disclosure for this sale can be found here. Insiders sold 476,889 shares of company stock valued at $17,575,955 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on RBLX
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.
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