Amy Marie Rawlings Sells 4,468 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the sale, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Amy Marie Rawlings also recently made the following trade(s):

• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00.

Roblox Price Performance

Shares of RBLX opened at $59.46 on Wednesday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm’s 50 day moving average price is $63.99 and its 200 day moving average price is $52.89. The company has a market cap of $36.81 billion, a P/E ratio of -41.01 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RBLX. Piper Sandler reissued an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Barclays cut their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Finally, Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Institutional Investors Weigh In On Roblox

A number of large investors have recently modified their holdings of RBLX. Frazier Financial Advisors LLC boosted its holdings in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after acquiring an additional 240 shares during the period. Colonial Trust Co SC acquired a new stake in shares of Roblox in the 4th quarter worth $41,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.