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

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.14, for a total transaction of $3,057,000.00. Following the completion of the sale, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at approximately $24,178,730.10. The trade was a 11.22 % decrease in their position. The sale was disclosed in a filing 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 shares were 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 shares were 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 transaction of $5,592,000.00.

Roblox Stock Up 0.5 %

Shares of NYSE:RBLX opened at $59.71 on Thursday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm’s 50-day simple moving average is $64.01 and its 200-day simple moving average is $52.94. The company has a market cap of $36.96 billion, a price-to-earnings ratio of -41.18 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RBLX. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc increased its holdings in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Colonial Trust Co SC purchased a new stake in Roblox during the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust grew its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBLX. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Macquarie upped their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Canaccord Genuity Group raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have given 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 an average 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.