Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells $494,400.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $49.44, for a total transaction of $494,400.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at approximately $17,444,607.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, October 7th, Michael Guthrie sold 30,000 shares of Roblox stock. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00.
• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43.
• On Tuesday, August 20th, Michael Guthrie sold 21,789 shares of Roblox stock. The stock was sold at an average price of $40.35, for a total transaction of $879,186.15.
• On Wednesday, August 14th, Michael Guthrie sold 30,000 shares of Roblox stock. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00.

Roblox Stock Performance

Shares of RBLX opened at $52.86 on Thursday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $53.07. The firm has a fifty day simple moving average of $43.93 and a 200 day simple moving average of $39.59. The stock has a market capitalization of $32.12 billion, a price-to-earnings ratio of -32.23 and a beta of 1.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Research analysts forecast that Roblox Co. will post -1.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RBLX shares. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Canaccord Genuity Group boosted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Raymond James boosted their price target on shares of Roblox from $51.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BTIG Research upped their target price on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RBLX. V Square Quantitative Management LLC acquired a new position in Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC lifted its stake in Roblox by 20,800.0% in 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 acquired a new stake in Roblox in the second quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox in the second quarter valued at $33,000. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

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.