Roblox Co. (NYSE:RBLX) CFO Sells $1,325,802.76 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,614 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $1,325,802.76. Following the sale, the chief financial officer now owns 395,465 shares of the company’s stock, valued at approximately $24,257,823.10. The trade was a 5.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Guthrie also recently made the following trade(s):

• On Monday, February 24th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $61.14, for a total value of $3,057,000.00.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76.
• On Thursday, December 5th, Michael Guthrie sold 100,000 shares of Roblox stock. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00.

Roblox Trading Up 0.5 %

RBLX stock opened at $59.71 on Thursday. The business has a fifty day moving average price of $64.01 and a 200 day moving average price of $52.94. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock has a market capitalization of $36.96 billion, a price-to-earnings ratio of -41.18 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC grew 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 purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc boosted its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Roblox in the 4th quarter valued at $41,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Macquarie boosted their price target on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Benchmark lifted their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 7th. HSBC began coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and set a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.19.

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.