Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells 50,000 Shares of Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.14, for a total value of $3,057,000.00. Following the sale, the chief financial officer now directly owns 395,465 shares in the company, valued at $24,178,730.10. The trade was a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The stock was sold at an average price of $61.34, for a total value of $1,325,802.76.
• 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 value 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 value of $5,592,000.00.

Roblox Trading Up 5.1 %

Roblox stock opened at $63.53 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a market capitalization of $39.33 billion, a P/E ratio of -43.82 and a beta of 1.46. The stock has a 50-day simple moving average of $64.11 and a 200 day simple moving average of $53.18.

Roblox (NYSE:RBLX) last posted 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 return on equity of 665.98% and a negative net margin of 25.97%. Analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of RBLX. Integrated Advisors Network LLC bought a new stake in shares of Roblox during the fourth quarter worth approximately $201,000. Polar Asset Management Partners Inc. boosted its holdings in shares of Roblox by 21.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock worth $4,745,000 after acquiring an additional 14,600 shares during the period. American Trust bought a new stake in shares of Roblox during the fourth quarter worth approximately $211,000. Mackenzie Financial Corp boosted its holdings in shares of Roblox by 14.7% during the fourth quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock worth $1,639,000 after acquiring an additional 3,633 shares during the period. Finally, Forum Financial Management LP bought a new stake in shares of Roblox during the fourth quarter worth approximately $223,000. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Citigroup lifted their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Raymond James reissued a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Canaccord Genuity Group lifted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target on the stock. One equities 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. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.