Roblox Co. (NYSE:RBLX) CFO Sells $1,325,802.76 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,614 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 395,465 shares of the company’s stock, valued at approximately $24,257,823.10. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The stock was 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 shares were sold at an average price of $55.92, for a total value of $5,592,000.00.

Roblox Stock Down 2.3 %

Shares of RBLX traded down $1.42 during midday trading on Monday, hitting $61.09. The company had a trading volume of 8,734,942 shares, compared to its average volume of 9,248,760. The company’s 50-day simple moving average is $64.04 and its 200-day simple moving average is $52.57. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm has a market capitalization of $37.82 billion, a P/E ratio of -42.13 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Hedge Funds Weigh In On Roblox

Several large investors have recently bought and sold shares of RBLX. American Trust acquired a new position in shares of Roblox during the 4th quarter worth about $211,000. Mackenzie Financial Corp boosted its holdings in Roblox by 14.7% in the fourth quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock valued at $1,639,000 after purchasing an additional 3,633 shares in the last quarter. Forum Financial Management LP purchased a new position in Roblox in the fourth quarter valued at approximately $223,000. Toronto Dominion Bank raised its holdings in Roblox by 7.3% during the fourth quarter. Toronto Dominion Bank now owns 64,476 shares of the company’s stock worth $3,731,000 after purchasing an additional 4,384 shares in the last quarter. Finally, Cache Advisors LLC purchased a new stake in shares of Roblox during the 4th quarter worth approximately $1,215,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RBLX. Roth Mkm lifted their target price on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Wedbush reaffirmed an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up from $56.00) on shares of Roblox in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average 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.