Amy Marie Rawlings Sells 5,879 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 22nd, Amy Marie Rawlings sold 3,601 shares of Roblox stock. The stock was sold at an average price of $49.32, for a total value of $177,601.32.
• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40.

Roblox Stock Performance

Roblox stock opened at $65.98 on Thursday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $66.86. The company has a market cap of $40.09 billion, a price-to-earnings ratio of -40.23 and a beta of 1.43. The stock’s 50-day moving average is $57.83 and its 200-day moving average is $48.21.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted ($0.45) earnings per share. Roblox’s revenue was up 9.5% compared to the same quarter last year. Equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Analysts Set New Price Targets

RBLX has been the subject of a number of research reports. Benchmark lifted their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Citigroup increased their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Morgan Stanley increased their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares in the last quarter. Dragoneer Investment Group LLC grew its position in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares in the last quarter. State Street Corp raised its stake in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the period. ValueAct Holdings L.P. lifted its position in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after purchasing an additional 408,915 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.