Roblox Co. (NYSE:RBLX) Insider Arvind Chakravarthy Sells 982 Shares

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roblox Trading Down 2.3 %

Shares of RBLX stock opened at $62.15 on Tuesday. The company’s 50-day moving average price is $64.17 and its 200-day moving average price is $53.53. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market cap of $38.47 billion, a price-to-earnings ratio of -42.86 and a beta of 1.46. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC lifted its position in Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after buying an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Roblox in the fourth quarter valued at about $363,000. Entropy Technologies LP lifted its position in Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after buying an additional 62,521 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its position in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after buying an additional 66,882 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RBLX shares. Raymond James reiterated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Benchmark boosted their target price on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wedbush reissued an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

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.