Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 4,933 Shares of Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares in the company, valued at $4,019,545.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Roblox Price Performance

Shares of RBLX stock opened at $43.35 on Friday. The stock has a 50 day moving average price of $38.78 and a 200 day moving average price of $38.01. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $25.63 billion, a P/E ratio of -23.31 and a beta of 1.60.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period last year, the company earned ($0.46) earnings per share. As a group, sell-side analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

Several large investors have recently added to or reduced their stakes in RBLX. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox in the 4th quarter worth $25,000. PARK CIRCLE Co bought a new stake in shares of Roblox in the second quarter valued at about $30,000. Strategic Financial Concepts LLC purchased a new stake in Roblox in the second quarter worth about $33,000. Gilliland Jeter Wealth Management LLC grew its holdings in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in Roblox during the 1st quarter valued at about $39,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RBLX. Macquarie lifted their target price on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 price objective (down previously from $56.00) on shares of Roblox in a research note on Friday, May 10th. Canaccord Genuity Group lowered their target price on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Benchmark upped their price target on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.15.

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.