Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 21,657 Shares

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,657 shares of Roblox stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $1,113,819.51. Following the completion of the sale, the chief financial officer now owns 331,187 shares of the company’s stock, valued at approximately $17,032,947.41. The trade was a 6.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Thursday, October 31st, Michael Guthrie sold 10,000 shares of Roblox stock. The stock was sold at an average price of $49.44, for a total transaction of $494,400.00.
• On Monday, October 7th, Michael Guthrie sold 30,000 shares of Roblox stock. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00.
• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43.

Roblox Price Performance

NYSE:RBLX opened at $49.38 on Friday. The stock has a 50-day simple moving average of $46.00 and a 200 day simple moving average of $40.94. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. 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 (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned ($0.45) EPS. As a group, sell-side analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RBLX. Barclays lifted their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note 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 research note on Tuesday, November 5th. Piper Sandler increased their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, BTIG Research increased their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Roblox during the third quarter worth $2,341,000. Toronto Dominion Bank raised its holdings in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares during the period. Geode Capital Management LLC lifted its stake in Roblox by 5.2% in the 3rd 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 last quarter. M&T Bank Corp grew its holdings in Roblox by 7.0% during the third quarter. M&T Bank Corp now owns 20,105 shares of the company’s stock worth $889,000 after purchasing an additional 1,324 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Roblox by 7.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 130,750 shares of the company’s stock worth $5,787,000 after buying an additional 8,970 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

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.