Insider Selling: Roblox Co. (NYSE:RBLX) CAO Sells 4,090 Shares of Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,090 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.30, for a total transaction of $250,717.00. Following the sale, the chief accounting officer now directly owns 71,493 shares in the company, valued at approximately $4,382,520.90. The trade was a 5.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 20th, Amy Marie Rawlings sold 4,468 shares of Roblox stock. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12.
• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00.

Roblox Price Performance

Shares of NYSE RBLX opened at $63.53 on Friday. The firm has a market capitalization of $39.33 billion, a P/E ratio of -43.82 and a beta of 1.46. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company’s fifty day moving average is $64.11 and its two-hundred day moving average is $53.18. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RBLX shares. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Canaccord Genuity Group raised their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Macquarie raised their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One investment 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 data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Investors Weigh In On Roblox

Several institutional investors have recently made changes to their positions in the stock. Integrated Advisors Network LLC purchased a new stake in shares of Roblox during the 4th quarter worth $201,000. Polar Asset Management Partners Inc. raised its stake in shares of Roblox by 21.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock worth $4,745,000 after buying an additional 14,600 shares during the last quarter. American Trust acquired a new position in shares of Roblox during the 4th quarter worth $211,000. Mackenzie Financial Corp raised its stake in shares of Roblox by 14.7% during the 4th quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock worth $1,639,000 after buying an additional 3,633 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in shares of Roblox during the 4th quarter worth $223,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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.