Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 3,601 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 3,601 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now directly owns 81,407 shares in the company, valued at approximately $4,014,993.24. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40.
• 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.

Roblox Stock Up 0.6 %

Roblox stock opened at $49.37 on Thursday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56. The stock’s fifty day moving average is $46.21 and its two-hundred day moving average is $41.27. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.45) EPS. Analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Citigroup upped their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Benchmark increased their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co purchased a new stake in Roblox during the 2nd quarter worth about $30,000. Strategic Financial Concepts LLC purchased a new stake in Roblox during the 2nd quarter worth about $33,000. Finally, Gilliland Jeter Wealth Management LLC raised its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

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.