Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 2,186 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The shares were sold at an average price of $44.09, for a total transaction of $540,455.22.
• On Tuesday, August 20th, Amy Marie Rawlings sold 4,933 shares of Roblox stock. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55.

Roblox Price Performance

Shares of RBLX opened at $52.86 on Thursday. The company has a 50 day moving average of $43.93 and a 200-day moving average of $39.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $32.12 billion, a P/E ratio of -32.23 and a beta of 1.56. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $53.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The firm 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 company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) EPS. As a group, equities research analysts forecast that Roblox Co. will post -1.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBLX. Macquarie lifted their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BTIG Research upped their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group began coverage on shares of Roblox in a research note on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Finally, Benchmark increased their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RBLX. Vanguard Group Inc. raised its stake in shares of Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after purchasing an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. raised its position in Roblox by 1.9% during the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after acquiring an additional 535,414 shares in the last quarter. ARK Investment Management LLC lifted its stake in Roblox by 12.9% in the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after acquiring an additional 1,519,591 shares during the last quarter. Ieq Capital LLC grew its position in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after acquiring an additional 2,684,713 shares during the period. Finally, Dragoneer Investment Group LLC increased its stake in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

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.