Insider Selling: Roblox (NYSE:RBLX) CAO Sells $251,624.08 in Stock

Roblox Corporation (NYSE:RBLX) CAO Amy Marie Rawlings sold 2,642 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.24, for a total transaction of $251,624.08. Following the transaction, the chief accounting officer owned 46,452 shares in the company, valued at approximately $4,424,088.48. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Roblox Stock Performance

Shares of RBLX stock opened at $92.88 on Thursday. The company has a fifty day moving average price of $119.57 and a two-hundred day moving average price of $113.55. Roblox Corporation has a one year low of $48.61 and a one year high of $150.59. The stock has a market cap of $60.82 billion, a P/E ratio of -64.95 and a beta of 1.61. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the firm earned ($0.37) EPS. Roblox’s quarterly revenue was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC increased its position in Roblox by 15,059.7% during the third quarter. CIBC Private Wealth Group LLC now owns 137,347 shares of the company’s stock worth $19,025,000 after acquiring an additional 136,441 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Roblox during the third quarter worth approximately $2,816,000. Caerus Investment Advisors LLC acquired a new stake in shares of Roblox in the third quarter valued at approximately $1,273,000. Sunbelt Securities Inc. boosted its stake in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares during the period. Finally, Captrust Financial Advisors grew its position in Roblox by 22.2% during the third quarter. Captrust Financial Advisors now owns 64,579 shares of the company’s stock worth $8,945,000 after buying an additional 11,748 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBLX. BMO Capital Markets raised their price objective on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group raised Roblox from a “neutral” rating to a “buy” rating and raised their price target for the company from $155.00 to $180.00 in a report on Friday, October 31st. Benchmark reiterated a “hold” rating on shares of Roblox in a report on Friday, October 31st. Wolfe Research raised shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group set a $160.00 target price on shares of Roblox in a report on Thursday, October 30th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.41.

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.