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

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 26,154 shares of the firm’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 transaction of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This trade represents a 5.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction of $5,592,000.00.
• On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction 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 Up 1.7 %

Shares of NYSE RBLX opened at $66.62 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46. The firm’s 50-day moving average price is $63.45 and its 200-day moving average price is $51.48.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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 795.19%. On average, equities research analysts anticipate that Roblox Co. will post -1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James restated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Macquarie upped their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Institutional Trading of Roblox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. FMR LLC raised its position in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares during the period. Wealthfront Advisers LLC increased its position in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the period. ValueAct Holdings L.P. increased 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 acquiring an additional 7,835,921 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after acquiring an additional 4,406,885 shares during the period. Finally, Ieq Capital LLC increased its position in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after acquiring an additional 3,507,901 shares during the period. 94.46% of the stock is owned by hedge funds and other 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.