Amy Marie Rawlings Sells 274 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) CAO Amy Marie Rawlings sold 274 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $48.00, for a total transaction of $13,152.00. Following the completion of the sale, the chief accounting officer owned 34,964 shares of the company’s stock, valued at approximately $1,678,272. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Amy Marie Rawlings sold 2,895 shares of Roblox stock. The stock was sold at an average price of $45.24, for a total transaction of $130,969.80.

Roblox Trading Up 2.7%

Shares of Roblox stock opened at $46.86 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $31.47 billion, a P/E ratio of -29.66 and a beta of 1.50. Roblox Corporation has a 1 year low of $40.15 and a 1 year high of $150.59. The company’s fifty day moving average is $52.70 and its two-hundred day moving average is $69.67.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. Analysts forecast that Roblox Corporation will post -1.4 earnings per share for the current year.

Roblox announced that its board has approved a stock buyback plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to purchase up to 9.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on RBLX shares. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a report on Friday, March 27th. Wells Fargo & Company lowered their price objective on shares of Roblox from $97.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Morgan Stanley reissued an “overweight” rating and issued a $62.00 price objective on shares of Roblox in a research note on Friday, May 1st. Finally, Barclays cut their price objective on shares of Roblox from $115.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.07.

Institutional Trading of Roblox

A number of institutional investors have recently added to or reduced their stakes in RBLX. Vanguard Group Inc. raised its position in Roblox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after purchasing an additional 1,020,786 shares during the period. Capital International Investors grew its stake in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after buying an additional 2,184,439 shares in the last quarter. Morgan Stanley raised its holdings in shares of Roblox by 8.1% during the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after buying an additional 1,555,549 shares during the period. State Street Corp raised its position in shares of Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after purchasing an additional 442,518 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Roblox by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after acquiring an additional 547,103 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.