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

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,657 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 331,187 shares of the company’s stock, valued at approximately $17,032,947.41. This represents a 6.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The stock was 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 value of $154,969.43.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.03 on Friday, hitting $49.38. The company’s stock had a trading volume of 6,787,997 shares, compared to its average volume of 7,628,171. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day moving average of $45.93 and a 200-day moving average of $40.88. The company has a market capitalization of $30.00 billion, a price-to-earnings ratio of -30.08 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.45) EPS. As a group, research analysts predict that Roblox Co. will post -1.56 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Piper Sandler lifted their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Finally, The Goldman Sachs Group increased their target price on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.30.

Institutional Trading of Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Roblox in the third quarter valued at $2,341,000. Toronto Dominion Bank raised its position in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after buying an additional 15,333 shares during the period. Geode Capital Management LLC grew its position in Roblox by 5.2% during the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after acquiring an additional 408,915 shares during the period. M&T Bank Corp lifted its stake in shares of Roblox by 7.0% in the 3rd quarter. M&T Bank Corp now owns 20,105 shares of the company’s stock valued at $889,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Roblox by 7.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,750 shares of the company’s stock worth $5,787,000 after purchasing an additional 8,970 shares during the period. 91.08% 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.