Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 6,391 Shares of Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 6,391 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total transaction of $515,498.06. Following the transaction, the chief accounting officer now owns 73,931 shares of the company’s stock, valued at approximately $5,963,274.46. The trade was a 7.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 24th, Amy Marie Rawlings sold 4,090 shares of Roblox stock. The shares were sold at an average price of $61.30, for a total transaction of $250,717.00.

Roblox Trading Up 0.8%

NYSE:RBLX opened at $81.77 on Friday. Roblox Co. has a 1 year low of $31.59 and a 1 year high of $83.04. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a fifty day moving average price of $64.73 and a two-hundred day moving average price of $61.57. The stock has a market capitalization of $51.51 billion, a price-to-earnings ratio of -56.39 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.43) earnings per share. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Roblox by 74.8% during 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 in the last quarter. Larson Financial Group LLC increased its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter worth $39,000. Colonial Trust Co SC purchased a new stake in Roblox during the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RBLX shares. Citigroup boosted their price objective on shares of Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Oppenheimer boosted their price target on shares of Roblox from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. FBN Securities began coverage on shares of Roblox in a research note on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $68.68.

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.